Tax authorities
Ministry of Finance
Stanka Dragojevica 2, 81000 Podgorica
Tel: +382 20 242-835
Fax: +382 20224-450
Email: mf@mif.gov.me
Website: www.mf.gov.me/en/ministry
Tax rates at a glance
(As of June 20 2012)
| Corporate income tax rate |
9% |
| Capital gains tax rate |
9% (a) |
| Branch tax rate |
9% |
| |
| Withholding tax |
|
| Dividends |
9% (b) |
| Interest |
9% (c) |
| Royalties from patents and licences |
9% (c) |
| Branch remittance tax |
No |
| |
|
| Net operating losses (years) |
|
| Carryback |
No |
| Carryforward |
Five |
- Capital gains are included in a taxpayer’s total income and taxed at 9%.
- The withholding tax rates may be reduced if a favourable double tax treaty exists (DTT).
- The witholding tax rate paid to non-residents, unless the rate is reduced by the DTT.
Source: Professionals from Eurofast Global, the Cyprus member of Taxand
Montenegro
Sead Dado Salković
Eurofast Global
Podgorica
Montenegro has introduced new property taxes and tried to improve how tax administration works while resisting the temptation to increase business profits taxes, says Sead Dado Salković of Eurofast Global
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