Application of adopted amendments
The adopted amendments are effective as of 1 January 2016.
The amendments are as follows:
Tax rate
The amount of the higher tax rate has been reduced from 13% to 11%, such that tax rates are as follows:
Gross personal income up to 720 euro per month is taxable at a rate of 9%, while gross personal income above 720 euro per month is taxable at a personal income tax rate of 11% (on the amount in excess of 720 euro).
The higher tax rate shall be effective until 31 December 2016.
The Rulebook on Reconciliation of the Amount of the Highest Annual Base for Payment of Contributions in 2015 has been adopted
The Rulebook on Reconciliation of the Amount of the Highest Annual Base for Payment of Contributions in 2015 was published on 14 December 2015 in the Official Gazette of Montenegro number 69, and shall be effective as of 22
December 2015.
The highest annual base for payment of contributions in 2015 amounts to 50,350.00 €.
Adopted amendments to the Personal Income Tax Law
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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