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Taxation in Montenegro

VAT Tax Rate Tax base Legislation
VAT(1) 21% Goods/services produced/provided in the course of ordinary business

Imported goods

New buildings and constructions launched into exploitation(2)
Value-added tax Law dated 28.12.2001
Corporate income tax(3) 9%

15%

5%
Income from corporate activity

Dividends, royalties, real estate leases

Interest income
Corporate income tax Law dated 28.12.2001
Personal Income tax 9% Personal income earned on the territory of Montenegro in the course of professional activities, self-employment, rent or lease of real estate property, capital gains Personal income tax Law dated 31.12.2001
Real estate transfer tax 3% Real estate’s price according to the agreement (sales/purchase, gift/donation, etc) Real estate turnover tax Law dated 23.12.2003
Property tax (real estate) 0,1-1% Market value of real estate as determined by local tax authorities Real estate property tax Act dated 31.12.2010


1 Value Added Tax. Minimal threshold for posting tax reporting is annual sales of €18,000
2 Payable by constructors
3 Capital gains are included into total tax base