Treaty on Double Taxation between Austria and Serbia

The new Treaty on Double Taxation between Austria and Serbia enters into force on 1 January 2011.

Although Austria invested around EUR 2.4 billion and over 300 Austrian companies have subsidiaries in Serbia, double taxation has not been regulated through a bi-lateral treaty until now. After a year of negotiations, the Austrian and Serbian Ministers of Finance signed a treaty in May. The Serbian and Austrian Parliament have ratified the treaty and it will therefore enter into force on 1 January 2011. The Treaty is expected to strengthen the bilateral economic relations between the countries and improve legal security.

For further information please visit the website of the Austrian Chamber of Commerce