Azores or Montenegro: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Montenegro, ahead by 1.6 FiScore point.

Tax Azores Montenegro Gap
Corporate income tax headline rate 14% 9% +5.0 points
Personal income tax top bracket 0% to 36.2% 0% to 15% +21.2 points
VAT standard rate 18% 21% −3.0 points

Detailed schedules

Corporate income tax

Azores

General regional regime 14%
SMEs: first 50,000 euros of profit 11.9%

Montenegro

Profit up to €100,000 9%
€100,000 to €1,500,000 €9,000 + 12% over €100,000 12%
Over €1,500,000 €177,000 + 15% over €1,500,000 15%
See the Azores page See the Montenegro page