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Double Taxation Treaty Between Republic of Serbia and Israel

Double Taxation Treaty Between the Republic of Serbia and Israel

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Double taxation treaty between the Republic of Serbia and Israel has entered into force.

The Ministry of Finance of the Republic of Serbia has published in the Official Gazette of the Republic of Serbia dated 4 November the information on its entry into force.

As of 1 January 2020, the withholding tax rates for tax residents of Israel shall decrease from statutory rate of 20% to 5% i.e. 15% in case of dividends, 10% in case of interest and 5% i.e. 10% in case of royalties.

It is expected that entry into force of the double taxation treaty will add to a further increase of cooperation between residents of two countries, as well as increase in investments

By  JPM Jankovic Popovic Mitic

JPM Jankovic Popovic Mitic at a Glance

JPM Jankovic Popovic Mitic is the leading law firm in Serbia, providing full service in Serbia and SEE region. Since 1991, we have been serving national and international clients from various industries in establishing, building and maintaining their business presence in Serbia and SEE. Our expertise, commitment, experience and the highest standard practice has been proven and recognized on the market. Our track record comprises numerous successfully completed landmark transactions in a developing and transitional economy. We are committed to finding solutions and providing flexibility of choice to our clients.

JPM is the founding member of Top-tier Legal Adriatic (TLA) a Vienna-based alliance of leading law firms operating in the Adriatic region. It is an association of independent business law firms with an excellent reputation obtained both locally and internationally, providing a full range of legal services to foreign and domestic clients hailing from various industries.

Firm's website: http://jpm.rs/

TLA website: http://toptierlegal.org/