Serbia: Serbia expands its double tax treaty network
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Serbia: Serbia expands its double tax treaty network

vucenovic.jpg

Gordana Vucenovic

While the end of 2012 in Serbia will be remembered for significant changes in Serbian legislation, the beginning of 2013 is reserved for signing and ratifying already signed double tax treaties. In January and February 2013, four new double tax treaties with Canada, Palestine, Tunisia and Georgia, that were signed in April 2012, have been ratified, and it is expected that they will become applicable as of 2014.

The above treaties correspond to the OECD's Model Tax Convention on Income and on Capital, and represent an important step in developing the bilateral cooperation between Serbia and the above countries.

Based on all four DTTs, the withholding tax for the interests and royalties will be 10%.

The withholding rates on dividends in the case of Georgia and Canada will vary from 5% to 10% subject to conditions, while in case of Tunisia and Palestine they will be fixed to 10%.

In January 2013 the new DTT referring to income and capital was signed with the United Arab Emirates and is awaiting ratification.

Gordana Vucenovic (gordana.vucenovic@eurofast.eu)

Eurofast Global, Belgrade Office/Serbia

Tel: +381 11 3241 484

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
Jeremy Brown arrives at the firm after a near 16-year career with Deloitte
PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term
The Senate report into PwC’s scandal is titled ‘The cover up worsens the crime’
Law firms that are conscious of their role in society are more likely to win work, according to a survey of over 23,000 in-house professionals
The firm’s tax business generated a quarter of HLB’s overall revenues in 2023
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort
Binance has also been accused of manipulating foreign exchange rates via currency speculation and rate-fixing
Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm
The partnership of KPMG UK has installed Holt for a second term as CEO and senior partner; in other news, a Baker McKenzie partner has sued the IRS
Gift this article