Taxation in Montenegro

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Montenegro’s Finance Ministry is moving to finally collect unpaid taxes of about 230 million euros owed by companies that are considered close to Prime Minister Milo Djukanovic’s government, after an opposition minister, Rasko Konjevic, took the post three weeks ago.

Porto Montenegro, one of Europe’s most up-and-coming luxury yachting hotspots, is to double its marina capacity to 490 berths by summer 2014 – giving it one of the biggest superyacht capacities in the world.

The UAE and the Republic of Montenegro on Monday signed two agreements on double taxation avoidance and on protection of investments.

The British Virgin Islands Financial Investigation Agency (BVI FIA) has signed Memoranda of Understanding (MOUs) with the Financial Intelligence Units (FIUs) of Russia, Moldova, Macedonia, Poland, Australia and Montenegro.

Representatives of Ministries of Finance of Montenegro and the United Arab Emirates on Tuesday, initialed the text of the Treaty on avoidance of double taxation between the two countries, with respect to taxes on income and assets.