Montenegrin Government announced enacting of set of economic measures aiming at addressing expected negative impact of Covid – 19 on both companies and citizens during session held on Thursday 19 March 2020.
Government is yet to share details on expected start of application of economic measures. Most of the announced measures are yet to be published in the Montenegrin Official Gazette. We highlight the following most significant measures:
In addition to these measures, Montenegrin Tax authorities published on its website on March 17, 2020, the decision to extend the deadline for filling of statutory financial statements and corporate income tax returns from 31 March 2020 to April 15, 2020. It is important to note that the decision to extend the statutory deadline relates solely to the filing of financial statements and corporate tax returns, but not to the payment of corporate income tax liability.
At this point Montenegro did not introduce state of emergency due to Covid-19 outbreak.
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KPMG Tax & Legal Department
KPMG d.o.o. Podgorica
Svetlane Kane Radević
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