Dividend tax in Montenegro 2026

Dividends settle at a flat 15% withheld by the payer — final for everyone, with nothing to file.

Interest is treated identically at 15%, though small private loans (up to EUR 5,000 a year to non-related individuals) escape withholding.

At a glance

top rate: 15% final
entry band: Same 15% from the first euro
tax year basis: Withheld per payment
filing deadline: None for withheld amounts; foreign dividends self-declared within 5 days
residency basis: Residents: worldwide dividends; non-residents: Montenegrin payers
regime flag: Rate rose from 9% to 15% in 2022

Rate	Base	Applies to
15%	Gross dividend	Distributions by Montenegrin companies — final withholding
15%	Gross interest	Interest income — final withholding
15%	Gross (after 30-60% lump-sum deduction)	Royalties and copyright income paid by legal entities
15%	Gross dividend or interest	Payments to non-residents — final

Small-loan exemptionEUR 5,000 a year
Interest on loans to non-related individuals under this level is withholding-free (since March 2023)

Withholding by the payer closes the matter; foreign dividends of residents are taxed at the same 15% through the 5-day self-declaration.

Non-residents bear the identical 15% final withholding; treaty rates override where lower.

The municipal surtax attaches to income tax generally — withheld capital income is priced with it in practice.
There is no imputation or shareholder credit for company tax paid.
Royalty earners can deduct documented costs instead of the 30-60% lump-sum.

What is Montenegro's dividend tax?

A flat 15% final withholding — the same for residents and foreign investors, with no further filing.

How is interest taxed in Montenegro?

Also 15% final — except interest on small private loans up to EUR 5,000 a year to non-related individuals, which is exempt from withholding.

Figures: tax year 2026, compiled from public sources. Not tax advice.