Montenegro is preparing to exchange financial account information with other tax authorities for the first time in September 2027, after the Global Forum on Transparency and Exchange of Information for Tax Purposes held a workshop for local financial institutions.
Montenegro will begin automatic exchanges of financial account information for tax purposes in September 2027, the Global Forum on Transparency and Exchange of Information for Tax Purposes said in a release on 30 October 2026.
Workshop for financial institutions
The Global Forum Secretariat held a virtual awareness-raising workshop on 26 October 2026 for representatives of financial institutions in Montenegro. It was meant to support the country’s rollout of the Common Reporting Standard (CRS), the international framework for automatic exchange of financial account information for tax purposes.
More than 40 participants from the financial sector attended. They were briefed on the main due diligence and reporting obligations under the standard and on the implementation timeline. They also heard practical lessons from other jurisdictions that have already put the framework into effect.
Reporting rules and timeline
Montenegro introduced CRS reporting obligations with effect from 1 January 2026 and has committed to making its first exchanges in September 2027. The country has adopted the amended CRS, which includes the 2023 updates, among them enhanced due diligence and reporting requirements. Next year it will join the jurisdictions exchanging information under the amended standard for the first time.
New products in scope
The workshop gave particular attention to products covered by the amended standard, including central bank digital currencies and selected electronic money products. These may be new areas of activity for some financial institutions, which are now subject to CRS due diligence and reporting requirements.
EU-funded co-operation
The release described the event as another milestone in the co-operation between Montenegro and the Global Forum Secretariat. The work is funded by the European Union and supports Montenegro’s wider agenda for implementing international tax transparency standards.
About the Global Forum
The Global Forum has more than 170 members. It is the leading multilateral body mandated to ensure that jurisdictions worldwide adhere to, and effectively implement, the standard on transparency and exchange of information on request and the standards for automatic exchange of information. The latter cover financial accounts under the Common Reporting Standard and crypto-asset transactions under the Crypto-Asset Reporting Framework.
The body pursues these aims through monitoring and peer review processes. It also runs a capacity-building programme to help members implement the standards and help tax authorities make the best use of cross-border information-sharing channels.
