Income

Income Tax in Montenegro

Complete guide to calculating and filing personal income tax in Montenegro. Rates 0/9/15%, personal allowance €700, surtax 10-15%, contributions 10.5%.

Monthly (by the 15th)
Depends on salary
7 steps
Updated: 07.07.2026

Procedure

Gross salary is the contractually agreed amount of the employee's earnings before all deductions. This is the starting point for calculating all taxes and contributions.

Employer / accountant
Employment contract

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Income tax rates

Monthly incomeRate
Up to €700 (personal allowance)0%
€700 — €1,0009%
Over €1,00015%

Surtax rates by municipality

MunicipalitySurtax rate
Budva10%
Bar, other municipalities13%
Podgorica, Cetinje15%

Employee contributions (from Oct. 2024)

TypeRate
Pension (PIO)10%
Health0% (abolished Jan. 2022)
Unemployment0.5%
Total employee10.5%

Appendices to GPP-FL — when each is filed

AppendixSituationRate / regime
ASelf-employment income — double-entry bookkeeping0% up to €8,400 · 9% €8,400–12,000 · 15% above €12,000 (annual)
PPGCarry-forward of prior-year business losses (attached to A)
A1Contribution calculation for self-employment (attached to A)60/100/150% of avg. salary × months worked
BDomestic property income (rentals — residential, commercial, tourist)15% after standard deductions (30%, 50% or 70%)
B1Tenant's withholding-tax report (attached to B)
CDomestic capital gains (sale of real estate, shares, securities)15% on (total gains − total losses)
DDomestic sports income15% after 30% standard deductions (amateur 90%)
D1Payer's withholding-tax report (attached to D)
ECopyright, patents, trademarks, self-employed expert — domestic15% after 30 / 50 / 60% standard deductions
E1Payer's withholding-tax report (attached to E)
FALL income earned OUTSIDE Montenegro (rows 1–9)Row 1 (salary): per-month 0/9/15% at €700/€1,000. Rows 2–9: flat 15%.
GSalaries from TWO OR MORE employers in Montenegro (combined gross > €700 in at least one month)Tax Administration assesses tax itself — you only attach OPD-2
HOccasional self-employment + internet + gaming in Montenegro (no withholding)15% after 30% standard deductions (internet 15%, gaming 20%)

Additional notes

Special deductions: voluntary pension contributions (up to €200/month), medical treatment and medication costs, donations to humanitarian organisations (up to 3% of taxable income).

Entrepreneurs submit advance returns by the 15th of each month and the annual calculation by April 30.

Appendix F is filed ONLY for income earned OUTSIDE Montenegro. The same type of domestic income goes into the letter-coded appendices: property → B, capital gains → C, sports → D, copyrights → E, occasional self-employment / internet / gaming → H. The same taxpayer may file both a domestic appendix and Appendix F simultaneously for the same type of income.

Per-month calculation applies ONLY to foreign salary income (Appendix F, row 1) — the €700 and €1,000 thresholds are monthly. All other sources in F (rows 2–9) and all domestic appendices B/C/D/E/H use a flat 15% on the annual amount after standard deductions.

From 19 Nov 2025 (Sl. list CG 133/25): interest on debt securities (bonds) issued by the state, the Central Bank of Montenegro, or local government is NO LONGER taxed as capital income — it was previously taxed at 15%.

Required Documents

  • IOPPD form (monthly tax and contributions return)
  • GPP-FL form (annual personal tax return)
  • Employment contract
  • Salary payment certificates

FAQ

What is the income tax rate?+

Progressive: after contributions and the €700 personal deduction, the first €300 of the base is taxed at 9% and the remainder at 15%. If the base is zero or negative, the tax is €0.

What is the personal deduction?+

A tax-free portion of income of €700 per month (€8,400 per year). It is subtracted after contributions to arrive at the tax base.

What is the municipal surtax and how much is it?+

A municipal add-on computed on the tax amount (not on income): Budva 10%, Bar and most municipalities 13%, Podgorica and Cetinje 15%.

When is the annual GPP-FL return due?+

By 30 April for the previous calendar year. It covers all income sources: salaries, self-employment, capital and property income.

Which deductions reduce the tax?+

Voluntary pension insurance contributions (up to €200 per month), medical treatment and medicine costs, and donations to humanitarian organisations (up to 3% of taxable income).

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