Cyprus or Montenegro: which taxes less?

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

Lighter: Montenegro, ahead by 1.7 FiScore point.

Tax Cyprus Montenegro Gap
Corporate income tax headline rate 15% 9% +6.0 points
Personal income tax top bracket 0% to 35% 0% to 15% +20.0 points
VAT standard rate 19% 21% −2.0 points

Detailed schedules

Corporate income tax

Cyprus

General regime since 1 January 2026 15%
Eligible intellectual property income IP Box regime 2.5%

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 Cyprus page See the Montenegro page