Serbia has published the Law of 11/28/24 in its Official Gazette ratifying the pending protocol to the 2001 income and capital tax treaty with Hungary on 3 December 2024.
Earlier, Hungary and Serbia signed an amending protocol to the Hungary-Serbia Income and Capital Tax Treaty (2001) on 8 October 2024 in Budapest, which was the first amendment to the protocol. The President of Hungary also enacted Law No. XLV of 2024, ratifying the amending protocol to the agreement.
The protocol to the tax treaty will take effect 30 days after the exchange of ratification instruments and will be applicable starting 1 January of the year following its enforcement.
