Draft amendments to the Law on Corporate Income Tax – For tax havens withholding tax up to 47%

Belgrad, 16.10.2012.
Ministry of Finance and Economy of the Republic of Serbia published on its website a Draft Law on Amendments to the Law on corporate income tax Law.

Significant changes are planned for the withholding tax:

  • In addition to royalties, interest, rental of real property and movable property, subject to the withholding tax are render of services.
  • The withholding tax rate for income earned by legal entities from jurisdictions with a preferential tax regime (the so-called tax havens) will be 32% or 47% depending on the type of income earned.