The pending income tax treaty between Montenegro and Portugal was signed 12 July 2016. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax. It covers Montenegrin corporate profit tax and personal income tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly or indirectly holding at least 5% of the paying company's capital; otherwise 10% Interest - 10% Royalties - 5% for the use of, or the right to use any copyright of literary,...