Liechtenstein or Montenegro: which taxes less?

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

Level pegging: Liechtenstein and Montenegro weigh about the same on the taxpayer.

Tax Liechtenstein Montenegro Gap
Corporate income tax headline rate 12.5% 9% +3.5 points
Personal income tax top bracket 2.5% to 22.4% 0% to 15% +7.4 points
VAT standard rate 7.7% 21% −13.3 points

Detailed schedules

Corporate income tax

Liechtenstein

General regime minimum annual tax of CHF 1,800 12.5%
Multinational groups revenue over €750 M, from 2024 15%

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 Liechtenstein page See the Montenegro page