Serbia: Kazakhstan Senate approves DTA with Serbia

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

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

Serbia: Kazakhstan Senate approves DTA with Serbia

intl-updates-small.jpg

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.

rafailovic.jpg

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

more across site & shared bottom lb ros

More from across our site

Given the US/G7 pillar two deal, the OECD is in danger of being replaced by the UN as the leading global tax reform forum
Cinven’s latest investment follows its acquisition of a stake in Grant Thornton UK in December; in other news, a barrister listed by HMRC as a tax avoidance promoter has alleged harassment
CIT base narrowing measures remain more prevalent than increased CIT rates, the report also highlighted
ITR's parent company, LBG, will acquire The Lawyer, a leading news, intelligence and data-driven insight provider for the legal industry, from Centaur Media
KPMG UK’s Graeme Webster and KPMG Meijburg & Co’s Eduard Sporken outline the 20-year evolution of MAPAs, with DEMPE analyses becoming more prevalent and MAPA requirements growing stricter
Rishi Joshi, of the Institute of Chartered Accountants of India, warns of potential judicial overreach as assets are recharacterised to bypass a legislative exclusion
Only 2% of in-house survey respondents said they were ‘heavy’ users of AI for TP, Aibidia’s report also found
There was a ‘deeply embedded culture within PwC that routinely disregarded formal confidentiality obligations,’ the chairman of Australia’s Tax Practitioners Board said
Jennifer Best was most recently the acting commissioner of the IRS’s large business and international division
Section 899’s exclusion from the One Big Beautiful Bill does not mean it has been nipped in the bud, Aruna Kalyanam also tells ITR
Gift this article