Corporate
Corporate Income Tax
Corporate income tax in Montenegro. Three progressive brackets: 9% up to €100k, 12% up to €1.5M, 15% over €1.5M. Annual and monthly calculations.
Annual + monthly advance payments
9-15% of profit
5 steps
Procedure
A legal entity is required to maintain accounting records in accordance with the Law on Accounting. Financial statements are the basis for determining the tax base.
Accountant / auditorOngoing
Financial statementsGeneral ledger
Required Documents
- PD form (corporate tax balance)
- Financial statements (balance sheet, income statement)
- Cash flow statement
- Advance payment order
Legal Basis
- Law on Corporate Income Tax (Zakon o porezu na dobit pravnih lica)
- Law on Accounting (Zakon o računovodstvu)
- Transfer Pricing Regulation (Pravilnik o transfernim cijenama)
Competent Institutions
- Tax Administration of Montenegro
Corporate tax filing and collection
- eUprava
Electronic filing of returns
Tax rates (2026)
| Annual profit | Rate |
|---|---|
| Up to €100,000 | 9% |
| €100,000 — €1,500,000 | 12% |
| Over €1,500,000 | 15% |
Withholding tax for non-residents
| Income type | Rate |
|---|---|
| Dividends | 9% |
| Interest | 9% |
| Royalties | 9% |
| Services | 9% |
Additional notes
Incentives: tax base reduction for new employees, accelerated depreciation for investments, free zone benefits.
The middle bracket of 12% was introduced to ease the transition for medium-sized enterprises.