Belarus or Montenegro: which taxes less?

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

Lighter: Montenegro, ahead by 1 FiScore point.

Tax Belarus Montenegro Gap
Corporate income tax headline rate 20% 9% +11.0 points
Personal income tax top bracket 13% to 17% 0% to 15% +2.0 points
VAT standard rate 20% 21% −1.0 points

Detailed schedules

Corporate income tax

Belarus

Tax base up to 25 million BYN 20%
Tax base over 25 million BYN since 2024 25%

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 Belarus page See the Montenegro page