Ceasing your tax residency in Montenegro involves a series of important steps that must be followed carefully to ensure compliance with the law. This guide will provide you with a detailed, step-by-step process to help you navigate this procedure efficiently.
Determine Eligibility
Ensure you meet the criteria to cease tax residency in Montenegro. Generally, this involves ensuring you no longer meet the conditions that initially qualified you as a tax resident, such as residing in Montenegro for more than 183 days in a calendar year or having a permanent home in Montenegro.
Notify Tax Authorities
Submit a formal request to the Montenegrin tax authorities, informing them of your intention to cease tax residency. This request should include relevant personal information, details about your departure, and the date you intend to cease tax residency.
Provide Documentation
Prepare and submit necessary documents to support your request. This may include proof of departure, termination of lease or sale of property in Montenegro, and any other documents that demonstrate your departure from the country.
Settle Outstanding Taxes
Ensure all your taxes are settled before you cease being a tax resident. This includes paying any outstanding income taxes, property taxes, and other tax obligations you may have in Montenegro.
Receive Confirmation
Once your request and documentation are reviewed, you will receive a confirmation from the tax authorities that your tax residency has been ceased as of a specific date. Keep this confirmation for your records.
Legal References
- Law on Personal Income Tax, Article 7
- Law on Tax Administration, Article 34
- Rulebook on Tax Residency, Article 12
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