Tax authorities
Ministry of Finance
Stanka Dragojevica br.2
Tel: +382 20/ 224 581
Fax: +382 20/ 224 450
Email: mf@mn.yu
Website: www.gov.me/minfin
Inland Revenue Agency of Montenegro
Put Radomira Ivanovica 2
Tel:+382 20 448-168
Email: gordanas@mn.yu
Fax: +382 20 448-234
Website: www.poreskauprava.vlada.cg.yu/
Tax rates at a glance
(As of August 14 2009)
| Corporate income tax rate |
9% |
| Capital gains tax rate |
9% (a) |
| Branch tax rate |
no |
Withholding tax |
(b) |
| Dividends |
9% |
| Interest |
5% |
| Royalties from Patents and licences |
9% |
| Branch remittance tax |
No |
Net operating losses (years) |
|
| Carryback |
No |
| Carryforward |
5 |
(a) 50% of capital gains are taxed at 9% rate of taxable income in the year which they derived
(b) The withholding tax rate may be reduce if favorable tax treaty exist
Source: Professionals from Eurofast Global, the Cyprus member of Taxand, the global network of leading independent tax firms
Montenegro
Sead Dado Salkovic
Eurofast Global
Montenegro
Sead Dado Salkovic of Eurofast Global analyses the tax steps the Montenegro government has taken to attract foreign investment, particularly in the real estate sector
[Show full article]