The Japanese Cabinet reportedly approved on 5 March 2021 the pending income tax treaty with Serbia. The treaty, signed on 21 July 2020, is the first of its kind between the two jurisdictions and will enter into force 30 days after the ratification instruments are exchanged and will generally apply from 1 January of the year following its entry into force. However, Article 26 (Exchange of Information) will apply from the date the treaty enters into force without regard to the date on which the…