Montenegro Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

**Evolving Landscape

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**Income up to €8,000 per year:** 0%. **Income from €8,001 to €1,000,000 per year:** 9%. **Income exceeding €1,000,000 per year:** 15%. **Taxable Event:** A taxable event generally occurs when cryptocurrency is sold for fiat currency, exchanged for another cryptocurrency, or used to purchase goods/services, if a gain is realized.. **Cost Basis:** The acquisition cost of the cryptocurrency (in EUR) would be deducted from the sale price (in EUR) to determine the capital gain. Records of all transactions (purchase date, price, fees, sale date, price, fees) are crucial.

Key Facts

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