Montenegro or Trinidad and Tobago: which taxes less?

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

Lighter: Montenegro, ahead by 1.4 FiScore point.

Tax Montenegro Trinidad and Tobago Gap
Corporate income tax headline rate 9% 25% −16.0 points
Personal income tax top bracket 0% to 15% 0% to 25% −10.0 points
VAT standard rate 21% 12.5% +8.5 points

Detailed schedules

Corporate income tax

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%

Trinidad and Tobago

Profit up to 1 million TTD 25%
Profit over 1 million TTD 30%
Activity tax on revenue Due if exceeding profit tax 0.6%
See the Montenegro page See the Trinidad and Tobago page