Friday 30th of July 2010

Statistics and tax

Statistics

Overview of the main macroeconomic indicators in Montenegro, in this section you can find the table of macroeconomic indicators from 2001-2007.

Tax

Government information says that foreign investors cannot be taxed differently to locals.

Corporate profit tax rate - 9%
Personal Income Tax – 12%
VAT (PDV) - 17%
Lower rate for Touristic activities – 7%
Property tax - Varies between 0.08% and 0.8% paid half yearly
Property transfer tax - 3%
Rental income derived from non residents entities has a withholding tax of 15%
Average customs rate - 6%

The UK had tax treaties with Yugoslavia however it appears that the position with some of the ex Yugoslavian states, including Serbia and Montenegro, is undetermined.