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.