International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Montenegro: Income tax treaty between Montenegro and Portugal


The Montenegro Parliament, on its 26th convocation on October 11 2017, adopted the Law ratifying the agreement signed between Montenegro and Republic of Portugal on the avoidance of double taxation and prevention of tax evasion.

The taxes to which this convention applies include the Montenegrin corporate profit tax and personal income tax as well as the Portuguese personal income tax, corporate income tax and surtaxes on corporate income tax.

The main withholding tax rates with respect to dividends, interest and royalties are mentioned below:

  • Dividends will be taxed with a withholding tax rate of 5% of the gross amount if the beneficial owner is a company holding at least 5% of the capital of the company paying the dividends or 10% in all other cases;

  • Interest paid to a resident of the other state may be taxed in the state in which it arises at a maximum rate of 10% of the gross amount of the interest; and

  • Royalties arising in one state and paid to a resident of the other state may be taxed in the origin country at a rate of 5% or 10% of the royalties.

The signing of the treaty is expected to contribute to the further development of the economic relations between Montenegro and Portugal. The treaty will remain in force for an unlimited period of time.


Jelena Zivkovic (


Tel: +382 20 228 490


more across site & bottom lb ros

More from across our site

The controversial measure is being watered down after criticism from the European Central Bank.
More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.
The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.
Discussion on amount B under the first part of the OECD's two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.
Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.
ITR’s latest quarterly PDF is going live today, leading on the looming battle between the UN and the OECD for dominance in global tax policy.
Company tax changes are central to the German government’s plan to revive the economy, but sources say they miss the mark. Ralph Cunningham reports.
The winners of the ITR Americas Tax Awards have been announced for 2023!
There is a ‘huge demand’ for tax services in the Middle East, says new Clyde & Co partner Rachel Fox in an interview with ITR.
The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.