Withholding tax of 20% on income from services from 1 March 2016 in Serbia

Belgrad, 20.03.2016.
Withholding tax at the rate of 20% is calculated and payable on income derived by non-resident legal entity from a resident entity in Serbia on the basis of fees from services provided or used, or to be provided or used in the territory of Serbia.

The amendments to the Law on Corporate Income Tax Law in Serbia from December 2015, provides that from 01.03.2016, unless otherwise provided by treaty on avoidance of double taxation the withholding tax at rate of 20% is calculated and payable on income derived by non-resident legal entity from a resident entity on the basis of fees from services provided or used, or to be provided or used in the territory of the Republic.