COUNTRY REPORT Montenegro Economy /
Current account balance ($ billions)
Public debt as % of GDP
Electricity per capita (watts/p)
Workforce (millions)
Unemployment % Montenegro -1.9 52.1 748 0.25 19.1 EU -32.72 - 688 228.3 9.5 UK -46.04 85.3 631 31.72 8.1 US -465.9 67.8 1,363 153.6 9 China 201.7 43.5 397 795.5 6.5 Singapore 51.44 111.4 906 3.618 2 Russia 100.3 8.3 683 75.3 6.6
2011 GDP PER CAPITA (purchasing power parity)
Country Montenegro Singapore US UK France China Tax / Tax as
percentage of GDP
38.8% $0 to $200,000 Income Tax
$200,001 to $500,000 $500,001 to $1,000,000 Above $1,000,000
Company Tax
(2012 estimate)
No tax 10% 20% 30%
Capital Gains Tax
Capital gains from the sale of real property owned by a legal entity
are not taxed separately in Montenegro.
Rates Notes / Rates Notes
Capital gains are included
in the taxable income of the company when making
the annual tax balances.
Inheritance Tax
9% /
Property Purchase Tax
VAT 17% / Property Tax Between 0.08% and 0.8% Annual 3% of agreed valuation / 3%
Next of kin are exempt
Amount in USD $12,000 $60,900 $48,442 $35,494 $34,993 $8,466 Despite not being in the EU, the euro is Montenegro’s currency
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