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

PwC publishes detailed accounts of its behaviour in the tax scandal in Australia, while another tax trial looms for pop star Shakira.
The winners of the ITR Europe, Middle East, and Africa Tax Awards 2023 have been announced!
The winners of the ITR Asia-Pacific Tax Awards 2023 have been announced!
Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.
The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.
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.