I. Individuals
1.1 Personal Income Tax
Residents are subject to tax on their worldwide income.
Non-residents are taxed on their Montenegrin-sourced income only.
Income tax is assessed in the year during which the income is
earned on a current-year basis.
1.1.1 Tax Rates
1.1.2 Taxable Incomes
1.1.3 Exempt Income
1.1.4 Deductible Expenses
1.1.5 Non Deductible Expenses
Generally, no deductions are allowable on aggregate income.
1.2 Social and Health Insurance
Contributions
1.3 Submission of Tax Returns
The deadline for submission of the tax return is 30thApril of
the following year (the tax year coincides with the calendar year).
The tax should be paid by the same deadline.
