On 17 December 2009, the Parliament of Montenegro adopted amendments to the Personal Income Tax Law and the Law on Mandatory Social Security Insurance Contributions, which are applicable as of 1 January 2010. Amendments to the Personal Income Tax Law have reduced the range of non-taxable income items and tax rates have been harmonized at the level of 9 percent except interest income paid to nonresidents, where the tax rate has been kept at the level of 5 percent.