Montenegro
Overview of CbC reporting requirements
Montenegro has implemented a domestic legal and administrative framework for CbC reporting and a review of this will be included in the next peer review report.
The domestic legal and administrative framework
Montenegro has introduced a CbC reporting filing requirement, as required under the BEPS Action 13 (CbC reporting) minimum standard. It has not been possible to carry out a review of this legislation for this peer review. The recommendation for Montenegro to implement legislation is therefore removed and review of the legislation will take place next year.
The exchange of information framework
Montenegro has no bilateral relationships in place for the exchange of CbC reports nor processes to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework.
It is recommended that Montenegro take steps to have qualifying competent authority agreements in effect with jurisdictions of the Inclusive Framework that meet the confidentiality, consistency and appropriate use conditions and with which Montenegro has an international exchange of information agreement in effect that allows for the automatic exchange of tax information.
It is recommended that Montenegro take steps to implement the necessary processes or written procedures to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework.