Double Taxation Treaty Between the Republic of Serbia and Israel

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 an increase in investments.

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