Serbia and Germany have initialled a new agreement to avoid double taxation, updating the decades-old treaty to reflect modern tax practices and strengthen bilateral economic ties.
Serbia and Germany have initialled a new Double Taxation Avoidance Agreement, marking a key step in strengthening economic cooperation between the two countries.
The agreement aims to prevent individuals and businesses from being taxed twice on the same income and reflects updates in Serbian tax law and international tax standards.
Serbian Finance Minister and First Deputy Prime Minister Siniša Mali attended the signing ceremony, alongside German Ambassador to Serbia Anke Konrad. The agreement was initialled by Dragan Demirović, Assistant Minister of Finance, and Dagmar Krejzman, Head of Delegation from the German Ministry of Finance.
The new agreement replaces the existing treaty signed in 1989 between Germany and the former Socialist Federal Republic of Yugoslavia, which has remained in effect despite significant changes in Serbia’s tax system and global tax practices.
Currently, over 1,000 companies and 100 entrepreneurs in Serbia have been established by German nationals. Around 800 of these businesses are majority German-owned and employ more than 80,000 workers across the country.
Serbia now has double taxation agreements with 64 countries, and the updated treaty with Germany will provide clearer and fairer tax rules for cross-border cooperation.
