Estonia or Montenegro: which taxes less?

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

Lighter: Montenegro, ahead by 1.5 FiScore point.

Tax Estonia Montenegro Gap
Corporate income tax headline rate 22% 9% +13.0 points
Personal income tax top bracket 22% 0% to 15% +7.0 points
VAT standard rate 20% 21% −1.0 points

Detailed schedules

Corporate income tax

Estonia

Distributed profits 22/78 of net amount paid 22%
Reinvested profits deferred taxation with no time limit 0%

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 Estonia page See the Montenegro page