Liechtenstein and Montenegro signed their first income and capital tax treaty, approved by Liechtenstein, which will take effect after ratification.
Liechtenstein and Montenegro signed an income and capital tax treaty on the sidelines of the 80th session of the UN General Assembly in New York on 25 September 2025.
The treaty follows the latest international standards and the OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations. It aims to promote cross-border investment by reducing withholding tax rates on dividends, interest, and royalties, and includes a provision for mutual agreement procedures.
On 30 September 2025, the government of Liechtenstein formally approved the treaty.
The treaty will enter into force after the exchange of ratification instruments.