All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Serbia: Foreign investment promotion and protection agreement (FIPA) between Canada and Serbia comes into force


Nemanja Paskulov

The news release from the Canadian Ministry of International Trade highlighted the importance of FIPAs for ensuring the fair treatment of investors and the creation of a more predictable and transparent business environment through reciprocal, legally binding provisions, by setting out clear rules governing investment relations, including in areas of dispute resolution and protection against discriminatory and arbitrary practices, giving businesses greater confidence to invest. Furthermore, the Ministry announced that Serbia is an important commercial partner in southeastern Europe, identifying many areas of potential growth for Canadian investment in Serbia, from the extractive and resource industries and the energy and power generation, to transportation infrastructure and agri-food sectors. Canada-Serbia relations have been strengthened in recent years by a number of bilateral agreements, including a double taxation agreement and social security and air transport agreements.

Nemanja Paskulov (

Eurofast Global, Belgrade Office

Tel: +381 11 3241 484


more across site & bottom lb ros

More from across our site

Corporations risk creating administrative obstacles if the pillar two rule is implemented too soon, sources say.
Important dates for the Women in Business Law Awards 2023
The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty.
Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.