Montenegro and Spain have initialled a revised income tax treaty, updating a 2014 agreement to align with current OECD standards.
RegFollower Desk
Montenegro and Spain have initialled a new income tax treaty following the conclusion of their third round of negotiations on 23 October 2025. The treaty aims to update and replace an earlier 2014 agreement that was never signed.
The treaty seeks to eliminate double taxation and prevent tax evasion.
The updated treaty aligns with current international standards, incorporating OECD/G20 Base Erosion and Profit Shifting (BEPS) recommendations.
Spain proposed revisions to the preamble and protocol to reflect these changes, while the draft text was electronically coordinated in October 2025.
The treaty must now be signed and ratified by both countries before it can take effect.
