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

Serbia: Treaty analysis: Serbia and Norway double taxation agreement


Ivana Blagojevic

On September 4 2015, the Serbian Government approved the draft Treaty for Avoidance of Double Taxation, signed between Serbia and Norway on June 17 2015. The treaty's entry into force is pending ratification from both parties.

The new double tax treaty (DTT) between Serbia and Norway provides, inter alia, for the following:

  • A withholding tax on dividends at the rate of 5% (in case of at least 25% participation) or 15% (all other cases). The currently applicable treaty signed between the Socialist Federal Republic of Yugoslavia (SFRY) and Norway in 1983 prescribes a standard 15% rate.

  • A withholding tax rate of 10% on interest (0% according to the currently applicable treaty)

  • A withholding tax rate of 5% or 10% on royalties (10% according to the currently applicable treaty)

Following both parties' ratification of the new agreement and its subsequent entry into force, the old DTT between SFRY and Norway will no longer affect either jurisdiction. The treaty will become effective on January 1 of the year following the year during which it enters into force.

Ivana Blagojevic (

Eurofast Belgrade Office

Tel: +381 113241484


more across site & bottom lb ros

More from across our site

Several tax chiefs shared their administrations’ latest digital identity tracking systems and other tax technologies at the OECD’s annual meeting of authorities.
Businesses welcome the UK’s decision to scrap the IR35 reforms but are not happy about the time and money they have wasted to date.
Energy ministers agreed on regulations including a windfall tax on fossil fuel companies to address high gas prices at an extraordinary Council meeting on September 30.
The European Parliament raises concerns over unanimity in voting on pillar two, while protests break out over tax reform in Colombia.
Ramesh Khaitan speaks to reporter Siqalane Taho about tax morality, transfer pricing regulations, Indian tax developments, and the OECD’s two-pillar solution.
Join ITR and KPMG China at 10am BST on October 19 as they discuss the personal, employment, and corporate tax-related implications of employees working from overseas.
Tricentis and Boehringer Ingelheim, along with a European Commission TP specialist, criticised the complexity of pillar one rules and their scope at an ITR event.
Speakers at ITR’s Managing Tax Disputes Summit said taxpayers can still face lengthy TP audits, despite strong documentation preparation
Gig economy companies in New Zealand will need to fully account and become liable for the goods and services tax of underlying suppliers on their platforms, under new proposals.
Join ITR and Thomson Reuters at 2pm (UAE) / 11am (UK) on October 13 as they discuss how businesses can prepare for Tax Administration 3.0 and future-proof against changes such as e-invoicing and increasing digitisation.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree