Serbia: Kazakhstan Senate approves DTA with Serbia

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

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

The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede
ITR’s research shows that in-house tax counsel in Asia also feel underserved by their advisers’ international networks
World Tax global head of research Jon Moore tells ITR how his team spots standout submissions, and gives early statistical insights into this year’s entries
Australia’s conservative opposition will repeal controversial tax agent reporting rules if elected in the country’s May general election
Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
The directive will extend cooperation and information exchange around pillar two, according to the Council of the EU
Audit engagement partner Christopher Voogd has also been hit with a £32,500 charge over the firm’s work with Stirling Water Seafield Finance
Gift this article