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Serbia and Japan recently signed “Agreement on Elimination of Double Taxation with respect to Income Taxes and Prevention of Tax Evasion and Avoidance” in Belgrade. 

The Agreement applies to physical persons and legal entities – residents of both countries. 

As stated in the official website of the Republic of Serbia: 

”The agreement stimulates the investment of capital of residents of the Republic of Serbia in Japan and residents of Japan in the Republic of Serbia. It provides cooperation between the tax administrations of both countries in order to effectively implement the Agreement and prevent tax evasion by their residents. 

Moreover, the achieved cooperation is a precondition for significant investments of Japanese investors in the economy of the Republic of Serbia, i.e. creation of conditions for their participation in the privatization process, but also for the use of appropriate financial instruments to encourage higher forms of bilateral economic cooperation.” 

The beginning of the implementation of the Agreement is expected, after the ratification in the parliaments of both countries.

For further information please contact Ms. Natasa Nedic, Country Executive, in Eurofast Serbia at  

Eurofast is a regional business advisory organization employing local advisors in over 21 cities in South East Europe & the Middle East (SEEME). The Organization is uniquely positioned as a one-stop-shop for investors and companies looking for professional services in  Tax & Transfer Pricing – Payroll & Employment – Accounting & Compliance –Advisory & Corporate. 
Natasa Nedic
Country Executive
Eurofast Belgrade