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ME Tax 2023

Montenegro Tax Tables 2023 - Tax Rates and Thresholds in Montenegro

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This page contains the tax table information used for the calculation of tax and payroll deductions in Montenegro in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ ME, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Montenegro or would like to add to or suggest amendments to the information herein then please contact us.

Montenegro Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Montenegro are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Montenegro Tax Calculator 2023.

Montenegro Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from € 0.000.00to € 8,400.00
9%Income from € 8,400.01 to € 12,000.00
15%Income from € 12,000.01 and above
Montenegro Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from € 0.000.00to € 8,400.00
9%Income from € 8,400.01 to € 12,000.00
15%Income from € 12,000.01 and above

In Montenegro, social security deductions made by employees are not deductible from their gross income when calculating taxable income. This means that the contributions towards social security by employees are calculated based on the gross salary, and the taxable income for personal income tax purposes is determined without subtracting these contributions. Therefore, while social security contributions are mandatory and serve to fund various benefits, they do not directly reduce the taxable income of employees in Montenegro.

Montenegro Social Security and Payroll Deduction Rates in 2023

In Montenegro, both employers and employees are required to make contributions to the country's social security system. These contributions are aimed at funding a variety of benefits designed to provide support throughout various stages of an individual's life and work career. The social security system in Montenegro includes contributions for pension and disability insurance, health insurance, unemployment insurance, and child protection. Each of these elements plays a crucial role in ensuring the well-being and financial security of individuals and families in Montenegro.

Montenegro Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Pension and Disability Insurance5.5%15%20.5%
Unemployment Insurance0.5%0.5%1%
Montenegro Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Pension and Disability Insurancen/a€ 53,371.00n/a€ 53,371.00
Unemployment Insurancen/an/an/an/a

Montenegro VAT Rates in 2023

VAT rates for Montenegro are reviewed annually, you can use the VAT Calculator to calculate VAT due in Montenegro or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Montenegro VAT Rates
VAT RateVAT Description
0%Zero Rated
7%Reduced Rate
21%Standard Rate

Historic Tax Tables supported for Montenegro

The following tax tables are supported by iCalculator™ ME as part of the suite of free tax tools we provide for Montenegro.