The Montenegro tax system is among the best of the best for investors. In the previous sections, we’ve briefly mentioned some of its particularities, but now we’ll explain them more in-depth. The primary taxes in Montenegro are:
- Income tax: 9-11 %
- Corporate tax: 9 %
- VAT: 21 %, and 7 %, and 0 % for tourism and some basic products
- Withholding tax: 9 % on dividends, capital gains, rental income, royalties, and such
- Social security contributions: 33.8 %
friendly business environment with so many tax optimization opportunities are rare in Europe. Likewise, there’s a lot to do in tourism and financial services investment, which means that those that get there early may reap significant benefits.
the energy business is another industry with mostly untapped potential. As the country has plenty of water resources and a small population, there’s significant potential for selling clean hydroelectric and wind power to its neighbors.