ARTICLE · 10 NOVEMBER 2022

Montenegro Adopts Obligation To Submit Transfer Pricing Study

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By adopting the new Law on Corporate Profit Tax, Montenegro included the obligation to prepare and submit a transfer pricing study. A transfer price is the price incurred in connection with asset transactions...

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Fahrudin Sutkovic

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By adopting the new Law on Corporate Profit Tax, Montenegro included the obligation to prepare and submit a transfer pricing study. A transfer price is the price incurred in connection with asset transactions or the creation of obligations between related parties. Transfer pricing documentation is required to be prepared by entities that perform transactions with related parties (intercompany transactions) during the year. TP documentation must be prepared annually in case there are intercompany transactions in the relevant business year.

Deadlines for submission or delivery of documentation on transfer prices are determined based on the classification of companies according to accounting law. According to this, classification is on:

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