The revenue agency declared that the Double Taxation Agreement (DTA) between Canada and Serbia has entered into force on October 31, 2013 and it was actually signed on April 27, 2012. On the basis of this agreement, a 5% tax withheld will be levied on dividends paid between company branches and a 15% tax rate for rest of the dividend payments. Again, interest and royalties will be subject to a 10% tax withheld. Besides, the DTA also incorporate provisions for the information exchange in accordance with international standards.
