The income tax treaty between Montenegro and Portugal was approved on 30 June 2017 by the Montenegro Government. It was sent to Parliament on 11 July 2017 for Parliament's approval; once approved it then will be sent to the President for signature and Moldova will complete the ratification process. (Portugal completed ratification previously). The treaty was originally signed on 12 July 2016 and is the first of its kind between the two jurisdictions. Withholding Tax Rates Dividends - 5% for companies with a > 5% beneficial ownership; otherwise 10% Interest - 10% Royalties - 5% for literary, artistic, scientific works...