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Serbia: Kazakhstan Senate approves DTA with Serbia

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The agreement for the avoidance of double taxation (DTA) between Serbia and Kazakhstan was signed on August 28 2015 in Astana, and has since been approved through diplomatic channels by both parties.

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Aleksandra Rafailovic

The President of Kazakhstan signed a law ratifying the treaty on October 14 2016 after the Senate approved the treaty on September 30 2016. Serbia's National Assembly approved the agreement in 2015.

This agreement applies to income tax, personal income tax and property tax.

The withholding tax rates available under the treaty are:

  • Dividends: 10%/15% (the lower rate applies if the dividend distributing company has at least 25% participation);

  • Interest: 10%; and

  • Royalties: 10%.

The bilateral and economic relations between Serbia and Kazakhstan are already at a very good level, with commodity turnover between the two countries reaching $230 million in the past 10 years ($56 million in 2015). Consequently, the double tax treaty will be an important tool that is expected to further facilitate and intensify cooperation.

Aleksandra Rafailovic (aleksandra.rafailovic@eurofast.eu)

Eurofast, Serbia Office

Tel: +381 11 3241 484

Website: www.eurofast.eu

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