<p>2019 Monaco-Montenegro Income Tax Treaty Available</p>

2019 Monaco-Montenegro Income Tax Treaty Available

<p>Tax Analysts has obtained the English text of the Monaco-Montenegro income tax treaty signed May 29 in Bečići, Montenegro.</p> <p>Under the treaty, dividends are taxable at a maximum rate of 5 percent if the beneficial owner is a company that holds at least 10 percent of the capital of the payer company. A 10 percent rate applies in other cases.</p> <p>Interest is taxable at a top rate of 10 percent, while royalties are subject to:</p> <ul> <li>a 5 percent withholding rate for any copyright of literary, artistic, or scientific work (including cinematographic films and recordings on tape or other media used for radio or television broadcasting or other means of reproduction or transmission) or computer software; or</li> <li>a 10 percent withholding rate for any patent, trademark, design or model, plan, secret formula or process, or for information concerning industrial, commercial, or scientific experience.</li> </ul> <p>Both countries generally apply the credit method to eliminate double taxation.</p> <p>This is the first income tax treaty between the two countries. The treaty will enter into force 30 days after the exchange of ratification instruments, and its provisions will generally apply from January 1 of the year following entry into force.</p>

<p><a href="/lr/resolve/-/29mkr" title=" ">French text</a>; <a href="/lr/resolve/-/29kfb" title=" ">Montenegrin text</a>. <a href="/lr/resolve/-/29kfl" title=" ">Prior coverage</a>.</p>

<p>Tax Analysts has obtained the English text of the Monaco-Montenegro income tax treaty signed May 29 in Bečići, Montenegro.</p>

Tax Analysts has obtained the English text of the Monaco-Montenegro income tax treaty signed May 29 in Bečići, Montenegro. Under the treaty, dividends are taxable at a maximum rate of 5 percent if the beneficial owner is a company that holds at least 10 percent of the capital of the payer company. A 10 percent rate applies in other cases. Interest is taxable at a top rate of 10 percent, while royalties are subject to: a 5 percent withholding rate for any copyright of literary, artistic, or scientific work (including cinematographic films and recordings on tape or other media used for radio or television broadcasting or other means of reproduction or transmission) or computer software; or a 10 percent withholding rate for any patent, trademark, design or model, plan, secret formula or process, or for information concerning industrial, commercial, or scientific experience. Both countries generally apply the credit method to eliminate double taxation. This is the first income tax treaty between the two countries. The treaty will enter into force 30 days after the exchange of ratification instruments, and its provisions will generally apply from January 1 of the year following entry into force.

<h4>Rate Table Instructions</h4> <ul> <li>You must enter a rate for each rate type</li> <li>Enter only one rate value per row</li> <li>You may leave the country columns blank if the rate is the same for both countries</li> <li>Country names (if entered) must exactly match the jurisdictions</li> <li>Leave the Partner Country column blank if you want the rate to apply to all partners of the Main Country</li> <li>Enter "n/a" in each rate row to hide the partner in the Main Country table</li> <li>Note that the same rates may apply for Main Country and Partner Country or the Main Country may apply different rates to the Partner Country</li> </ul> <table> <tbody> <tr> <th> <div>Rate Type</div> (Dividends, Interest, Royalties)</th> <th>Main Country</th> <th>Partner Country</th> <th>Rate</th> <th>Footnote 1</th> <th>Footnote 2</th> <th>Footnote 3</th> <th>Footnote 4</th> </tr> <tr> <td>Dividends</td> <td> </td> <td> </td> <td> 5/10</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td>Interest</td> <td> </td> <td> </td> <td> 10</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td>Royalties</td> <td> </td> <td> </td> <td> 5/10</td> <td>The 5 percent rate applies to literary, artistic, and scientific work copyright royalties, including film and broadcasting royalties, and computer software royalties. The 10 percent rate applies to royalties payable for the use of, or right to use, any patent, trademark, design or model, plan, secret formula or process, or for information concerning industrial, commercial, or scientific experience.</td> <td> </td> <td> </td> <td> </td> </tr> </tbody> </table>

Monaco - Montenegro: 2019 Income Tax Convention

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2019 Monaco-Montenegro Income Tax Treaty Available