The Inland Revenue Authority of Singapore has announced the signing of an income tax treaty with Serbia. The treaty was signed on 26 February 2021 in Singapore and on 5 April 2021 in Serbia. It is the first of its kind between the two countries.
Taxes Covered
The treaty covers Serbian corporate income tax and personal income tax and covers Singapore income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furn…