Serbia and Israel sign Agreement on Prevention of Double Taxation – Opportunity for attracting new investments

Serbian Finance Minister Sinisa Mali yesterday signed the Agreement on Prevention of Double Taxation and Income Tax Evasion with Israeli Ambassador Alona Fisher-Kamm.

Mali said that it was “an important document” for natural and legal persons, as well as residents, and that it should contribute to the growth of investments between the two countries.

– The relations of Serbia and Israel have never been better, and the agreement should boost them even more – Mali said.

He added that Serbia had until then signed the same kind of agreement with 58 countries and that the agreement with Israel could become a model for relations with other countries.

According to him, the total foreign trade between Serbia and Israel in the first nine months of 2018 amounted to EUR 45 million and is slightly higher than last year, but still not satisfactory.

– The trade of goods between Serbia and Israel could be better and larger, and the agreement on prevention of double taxation will contribute to this – Mali said.

Ambassador Fisher-Kamm said that the fact that there is an Israeli business community in Serbia shows that business people are interested in doing business in Serbia.

– This agreement will contribute to a better economic cooperation – Fisher-Kamm said.

Ministarstvo finansija Republike Srbije

Vlada Republike Srbije

Ambasada Izraela Beograd

Sinisa Mali

Alona Fisher Kamm

Agreement on Prevention of Double Taxation and Income Tax Evasion

double taxation

cooperation between Serbia and Israel