Montenegro's Tax Administration starts automatic exchange of US account data under FATCA
Montenegro's Tax Administration (Poreska uprava) announced on 30 September 2026 that it has carried out its first automatic exchange of financial account information with the US Internal Revenue Service (IRS) under the FATCA agreement. The exchange, sent through the IDES system, covered reporting periods from 2014 to 2025 and includes account holders' identification data, year-end balances and income from interest, dividends and sales of financial assets. The authority also stated that it is working on applying the OECD Common Reporting Standard (CRS).
What it means for you
Account data of US taxpayers held at Montenegrin financial institutions now reaches the IRS on a regular, systematic basis rather than only on individual request. Under CRS, the Tax Administration will also receive data from partner states on accounts that Montenegrin tax residents hold abroad.
Sources
- Uprava prihoda i carina Crne GoreOfficial source
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