The Serbian and Tunisian governments ratified a double tax treaty (DTT) agreement that was originally signed on 11 April 2012. The agreement will enter into force on 1 January 2014.
The DTT between Tunisia and Serbia will provide the following benefits to the beneficial owners of income:
- Article 10 – Dividends:
10% of the gross amount of dividends
- Article 11 – Interest:
10% of the gross amount of interest
- Article 13 – Capital gains:
0% if the investor sells equities issued by a company whose assets, directly or indirectly, do not consist mainly of the immovable property situated within Serbia. A standard tax rate would apply if this condition is not met.
Foreign investors who intend to exercise DTT rates are obliged to provide a valid certificate of tax residency issued on the Serbian Ministry of Finance and Economy template.
Impact on investors: Starting 1 January 2014, Serbia will create a more favorable tax environment for investors that come from the Republic of Tunisia.