International Tax Review is part of the Delinian Group, Delinian Limited, 8 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 forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
Police are now investigating the leak of confidential tax information by a former PwC partner at the request of the Australian government.
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
The UK government shows little sign of cutting corporate tax, while a growing number of businesses report a decline in investment as a result of the higher tax burden.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.
Septian Fachrizal, TP analyst at the Directorate General of Taxes, outlines how Indonesia is relying heavily on the successful implementation of pillar one.