Hello everyone,
I am an Italian citizen living in Malta and I am thinking about to Montenegro.
Being an entrepreneur, I am trying to understand what are the correct social security rates in Montenegro for a self employed person.
I can see the income tax rates are 9% and 13%, but never understood about the social security rates, and I cannot find theme anywhere.
If possible, I would like to understand what are the total taxes on a turnover of e.g. 40.000 euros.
Thank you very much,
Ivan
Entrepreneur taxes
promsk8er
19 November 2016 16:23:10
3
Monte-tina
21 November 2016 17:11:58
100
Hi Ivan
PM me. I will put you in touch with my accountant - great lady, really knowledgeable and knows the laws inside out.
edinkotorbay
23 November 2016 16:39:29
8
Ivan,
I agree with Monte-Tina.. best to contact an accounting service to get accurate information.
Just a preview..Generally speaking, keep in mind that many foreigners that move to Montenegro open a business/corporation, as a path to residency and work permits. If i am not mistaken, to lower tax rate of approx. 9-10% applies to the profits of the business entity. If you work as an employee, the salary is subject to social taxes that are significantly higher than 9-10%. That is why it is best to contact a accounting service to get current / accurate information.
Hope your plans go well!
Eduardo
Subscribe to this topic
Articles to help you in your expat project in Montenegro
Freelancer's paradise
Mildest climate, friendly people, good service, overall safety, warm sea and breathtaking mountains all come in ...
Real Estates F.A.Q.
1. Do I need lower or consultant to buy real estates in Montenegro.
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"