What is Corporate Income Tax?
Corporate income tax is a fiscal obligation paid by businesses on their net profit. In Montenegro, the current corporate income tax rate is 9%.
Who Must Pay?
All legal entities conducting business activities must pay corporate income tax.
How is Net Profit Calculated?
Net profit = Total revenue - Allowed deductions. Allowed deductions include material costs, employee costs, rent, and depreciation.
Conclusion
Understanding corporate income tax helps you manage your company's finances better.