Montenegro: Employment of persons with disability and tax incentives

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Montenegro: Employment of persons with disability and tax incentives

zivkovic.jpg

Jelena Zivkovic

In line with the Law on Professional Rehabilitation and Employment of Persons with Disability, companies with 20 to 50 employees are obliged to employ at least one person with a disability. Furthermore, a company with 50 or more employees has the obligation for at least 5% of its workforce to comprise people with disabilities.

Companies that are not following this regulation are obligated to calculate and pay a special contribution for professional rehabilitation and employment of disabled people.

This contribution is 20% of the average monthly salary in Montenegro.

On the other hand, the government is providing following incentives in case of employment of disabled people:

  • Funds for the adaptation of the workplace for the disable person(s).

  • Credit funds for purchase of machinery, equipment and tools.

  • Co-financing of funds for financing disabled person's assistant.

  • Subventions of salary for disable person(s) as follows: 75% of gross salary for a person with at least 50% of disability in first year, 60% in the second year and 50% in following years.

Jelena Zivkovic (jelena.zivkovic@eurofast.eu)

Eurofast Global, Podgorica office

Tel: +382 20 228 490

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

Police may be inside the Sydney office for ‘several days’, PwC Australia’s chief executive officer said
The source of additional remuneration received by PwC Australia CEO Kevin Burrowes had been the subject of much parliamentary scrutiny
The Independent Schools Council is bringing litigation against the UK government for what it calls an ‘unprecedented education tax’
But the firm said that ‘difficult market conditions’ led to a slowdown in Asia Pacific; in other news, OECD begins Thailand accession process
The move will provide certainty to taxpayers and reduce the risk associated with pricing transactions for TP, according to India’s Ministry of Finance
Pia Honkala, co-head of Aibidia’s operational TP product, tells ITR how her company works in harmony with advisers like the ‘big four’ to revolutionise clients’ processes
The UK is ‘heading to Scandinavia’ as its tax burden increases and isn’t creating an attractive environment for a wave of investment, experts have told ITR
Japan, South Korea and Germany increased their R&D tax budgets at a much greater rate over a 14-year period, say RCK Partners and the London Business School
Under the proposed directive, multinationals with numerous EU presences would have to make only one filing to comply with pillar two
Robert Venables of Old Street Tax Chambers had previously brought multiple cases against HMRC on behalf of clients
Gift this article