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Social insurance and non-wage labor cost

Social insurance and non-wage labor cost

Last reviewed 24 Feb 2023

Social insurance

Mandatory social security contributions are: pension and disability insurance, health insurance and unemployment insurance

Contribution rates and maximum contributions

Self-employed persons

Health insurance

N/A

Pension and disability insurance

20.5 %

obligatory pension fund

Accident insurance

EUR 2 per month

Maximum contributions

The highest base for payment of contributions amounts to 55.249,00 per year

Employed persons

Health and accident insurance

2 EUR

Pension insurance

Employer: 5.5 %

Employee: 15 %

Maximum contributions

The highest base for payment of contributions amounts to 55.249,00 per year

Others

Unemployment insurance:Employer: 0.5 %
Employee: 0.5 % -Labor fund 0.2%
- Union of Trade Unions 0.2%
- Chamber of Commerce 0.27%
- Tax surcharge depending on the municipality: In Podgorica and Cetinje it is 15.00%, in Budva 10.00%, while in other municipalities in Montenegro it is 13.00%.

Severance fund

Non-wage labor costs

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