Annual Filing Requirements in Montenegro

Annual Filing Requirements in Montenegro

Updated on Monday 27th February 2023

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annual-filing-requirements-in-montenegro.jpgAll companies and individuals residing in Montenegro are required to comply with the tax legislation which implies filing various tax returns. Mainly, the tax returns must be filed with the Tax Authorities in Montenegro by all resident businesses in both electronic and hard copy formats. The filing dates can be prolonged for 90 days from the usual date if there are reasonable causes for this extension. In this article, our lawyers in Montenegro explain the annual filing requirements in Montenegro and different aspects related to this subject.

Aspects related to the annual filing requirements in Montenegro

In Montenegro, the tax year is the calendar year.
The tax returns and all the additional documents, such as the tax depreciation form, have to be submitted to the Tax Authorities by the end of March of the following year.
The CPT (Carriage Paid To) is due by the end of March of the following year for the previous one. Or, CPT can be acquitted in six yearly installments at the taxpayer’s demand. Our attorneys in Montenegro can provide further details on this matter. 
There are no special provisions related to the audit cycle in this country. It is recommended to seek the advice of a reputed law firm in Montenegro when interested in the annual filing requirements in Montenegro

Electronic submission of tax returns in Montenegro

Under the provisions of the Corporate Income Tax Law, which came into force at the beginning of 2017, taxpayers in Montenegro must submit their yearly tax declarations and tax returns electronically through the Tax Administration portal.
Signing electronic documents in Montenegro in a fast, safe and easy manner is possible through the use of digital certificates, which have been utilized since 2010.
There are two digital certification institutions in Montenegro:
The Ministry of Finance and Tax Administration: issues digital certificates for the purpose of state administration;
The Posthouse: it is a public certification authority for businesses and private individuals.
To complete the electronic filing of tax forms and returns, taxpayers in Montenegro must have a digital certificate issued by the Posthouse. Our Montenegro lawyers can offer further details on this type of certificate.
The certificate holder has to be the authorized person of the company which is filling the annual returns and who is registered in the Central Register of Insured Persons (CROO) preserved by the Tax Administration.
If you need to know more about the Montenegro corporate tax administration, please contact our Montenegro law firm.  Besides guiding you about annual filing requirements in Montenegro, our lawyers can also assist you with other matters that require legal insight. Furthermore, if you want to learn more about obtaining a passport from this country, contact our lawyers. A passport is a benefit that comes with Montenegrin citizenship. For the majority of people, obtaining a passport will be a time-consuming process. After five years of holding a permanent residence visa, you can apply to become a Montenegrin citizen.