Serbia has approved ratification of its income tax treaty with Algeria, setting withholding tax limits on dividends, interest, and royalties and establishing measures to prevent double taxation and tax evasion.
Serbia’s National Assembly approved a bill ratifying the income tax treaty with Algeria on 31 August 2026.
Signed on 31 March 2026, the agreement aims to establish a cooperative fiscal framework to prevent double taxation and tax evasion between the two nations.
The treaty covers major income and property taxes in Algeria and Serbia, with both countries applying the credit method to eliminate double taxation. It caps withholding tax at 5% or 10% on dividends, 10% on interest, and 10% on royalties, with exemptions for certain government entities and central banks.
The treaty will enter into force following the exchange of ratification instruments and will apply from 1 January of the year after it enters into force.
Earlier, Serbia’s National Assembly advanced legislation to ratify its income tax treaty with Algeria.
