Montenegro signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information in Podgorica on March 3, 2022, making Montenegro a signatory to the agreement on the basis of which the signatory states are obliged to automatically exchange information on financial accounts for tax purposes - Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information

Based on this agreement, information is exchanged with countries and jurisdictions that have activated mutual data exchange in accordance with the CRS standard. In accordance with Council Directive 2014/107/EU of December 9, 2014 amending Directive 2011/16/EU with regard to the automatic exchange of information in the field of taxation (DAC2), the scope of the automatic exchange of information in financial accounts is extended and the Common Reporting Standard (CRS - Common Reporting Standard), an international standard developed by the Organization for Economic Cooperation and Development (OECD), is adopted.

Reporting financial institutions in Montenegro are required to apply reporting rules and due diligence procedures to identify financial accounts that are subject to information exchange in accordance with the CRS standard. Information is submitted electronically to the Tax Administration of Montenegro once a year, no later than June 30 of the current year for the previous calendar year.

List of all countries that have signed the Multilateral Agreement of Competent Authorities on Automatic Exchange of Information on Financial Accounts.

List of all countries that have activated the automatic exchange of information on financial accounts.

More detailed method of reporting, as well as a form for submitting data in accordance with the standard of joint reporting, is prescribed in the Rulebook on a more detailed method of reporting and a form based on the standard of joint reporting, which was published in the "Official Gazette of Montenegro", no. 89/26 of Jun 25, 2026, and entered into force on July 06, 2026.

User instructions for electronic submission of information to the Tax Administration can be found under

DOCUMENT DELIVERY (CRS/DAC2)

or further down in the article.

FAQ- Frequently asked questions