San Marino vs Montenegro
Tax Rate Comparison
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Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇸🇲 San Marino — Municipal Taxes (Castelli)
San Marino's 9 castelli (municipalities) levy local property tax supplements and communal fees. San Marino is an enclave within Italy using the euro but maintaining fiscal sovereignty under a Convention with the EU. The income tax (IRPEF) uses a progressive scale. San Marino aims to be a competitive financial jurisdiction while maintaining EU market access — with corporate tax notably lower than neighbouring Italy.
🇲🇪 Montenegro — Municipal Taxes
Montenegro's 24 municipalities (opštine) levy property tax (0.25%–1% of market value), accommodation tax (turistička taksa), and business activity fees. Podgorica and coastal tourist municipalities (Budva, Kotor, Bar) have higher rates. The Tax Administration of Montenegro administers national taxes. Montenegro uses the euro as official currency without being an EU member. EU accession negotiations are advanced (since 2012). Significant foreign real estate investment from Russia, UK, and Middle East buyers. MFEZ (Montenegro Free Economic Zone) in Bar offers incentives.
San Marino vs Montenegro: Key Tax Differences (2026)
💰 Income Tax: 🇸🇲 San Marino has a higher top income tax rate (9–35% vs 9–15%). 🇲🇪 Montenegro is more favourable for high earners.
🛒 VAT/Sales Tax: Montenegro has a higher consumption tax (17% vs 7–21%).
🏢 Corporate Tax: 🇲🇪 Montenegro offers a lower corporate rate (15% vs 17%), which can influence business location decisions.
📈 Capital Gains: 🇲🇪 Montenegro taxes investment gains at a lower rate (15% vs 17%), benefiting investors.