Montenegro: Tax debt payment plan announced
The Law on Tax Debt Payment Plan has entered into force and been published in Official Gazette on 31st December 2016. On the basis of the Law, a tax debt may be paid back in 60 monthly installments, if at least 10% of the total debt is repaid in
See MoreMontenegro: Mandatory electronic filing
The Corporate Income Tax Law has been amended to oblige taxpayers to submit their annual tax declaration and tax returns electronically through the portal of the Tax Administration. The mandatory electronic filing applies from 1st January 2017. In
See MoreMontenegro: Draft Budget for 2017 adopted
The government of Montenegro has adopted the draft budget 2017 on 18th December 2016. The main changes are given as follows: the application of 11% increased tax rate for personal income more than the average salary will be extended until 2019;
See MoreMontenegro: Lump-sum taxation of business and professional income
The Tax Administration published a declaration reminding taxpayers of the likelihood of lump-sum taxation of business and professional income under article 49 of the Individual Income Tax Law. Additionally, taxpayers participated in listed
See MoreSocial Security Agreement between Bulgaria and Montenegro ratified
The Social Security Agreement (2016) between Bulgaria and Montenegro has been ratified by Bulgaria on 26th July 2016, by way of Decree No. 259 that was published in Official Gazette No. 61 of 5 August 2016. Once in force and effective, the new
See MoreUAE – Montenegro: DTA enters into force
Income and Capital Tax Treaty between The United Arab Emirates and Montenegro have entered into force on December 10, 2013 and generally apply from 1 January
See MoreAustria and Montenegro initialled a DTA
According to media reports, on September 19, 2012, Austria and Montenegro initialled a double taxation agreement
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