Avoiding Double Taxation Agreements

Serbia still does not have a double taxation agreement with the United States, despite the fact that the necessity of such an agreement has been emphasized multiple times during official discussions between the two countries over the past decades. Implementing this agreement would encourage new investments and trade by reducing administrative and fiscal burdens. Strengthening business ties with the world’s most developed economy is particularly important for the growth of Serbia’s IT sector, green agenda, medical field, and biotechnology.

Article author:
Igor Lončarević
Partner – Tax & Legal Department
KPMG Belgrade