Prevention of Treaty Abuse – Second Peer Review Report on Treaty Shopping

Serbia

A. Progress in the implementation of the minimum standard

Serbia has 59 tax agreements in force, as reported in its response to the Peer Review questionnaire. Eight of those agreements, the agreements with Austria, France, Lithuania, Poland, San Marino, Slovak Republic, Slovenia and the United Kingdom, comply with the minimum standard.

Serbia signed the MLI in 2017 and deposited its instrument of ratification on 5 June 2018, listing 58 tax agreements.1 The MLI has entered into force for Serbia on 1 October 2018.

Serbia is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2

The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect. Other agreements listed under the MLI are expected to become compliant with the minimum standard by the end of 2019.

B. Implementation issues

No jurisdiction has raised any concerns about their agreements with Serbia.

Summary of the jurisdiction response – Serbia

 

	Treaty partners	Compliance with the standard	If compliant, the alternative implemented	Signature of a complying instrument	The alternative implemented through the complying instrument (if not the MLI)	Comments
1	Albania*	No	N/A	Yes	N/A
2	Armenia	No	N/A	Yes	N/A
3	Austria	Yes	PPT alone	N/A	N/A
4	Azerbaijan*	No	N/A	Yes	N/A
5	Belarus*	No	N/A	Yes	N/A
6	Belgium	No	N/A	Yes	N/A
7	Bosnia and Herzegovina*	No	N/A	Yes	N/A
8	Bulgaria	No	N/A	Yes	N/A
9	Canada	No	N/A	Yes	N/A
10	China (People's Republic of)	No	N/A	Yes	N/A
11	Croatia	No	N/A	Yes	N/A
12	Cyprus*	No	N/A	Yes	N/A
13	Czech Republic	No	N/A	Yes	N/A
14	Democratic People's Republic of Korea*	No	N/A	Yes	N/A
15	Denmark	No	N/A	Yes	N/A
16	Egypt	No	N/A	Yes	N/A
17	Estonia	No	N/A	Yes	N/A
18	Finland	No	N/A	Yes	N/A
19	France	Yes	PPT alone	N/A	N/A
20	Georgia	No	N/A	Yes	N/A
21	Germany	No	N/A	Yes	N/A
22	Greece	No	N/A	Yes	N/A
23	Hungary	No	N/A	Yes	N/A
24	India	No	N/A	Yes	N/A
25	Indonesia	No	N/A	Yes	N/A
26	Iran*	No	N/A	Yes	N/A
27	Ireland	No	N/A	Yes	N/A
28	Italy	No	N/A	Yes	N/A
29	Kazakhstan	No	N/A	Yes	N/A
30	Korea	No	N/A	Yes	N/A
31	Kuwait*	No	N/A	Yes	N/A
32	Latvia	No	N/A	Yes	N/A
33	Libya*	No	N/A	Yes	N/A
34	Lithuania	Yes	PPT alone	N/A	N/A
35	Luxembourg	No	N/A	Yes	N/A
36	North Macedonia	No	N/A	Yes	N/A
37	Malta	No	N/A	Yes	N/A
38	Moldova*	No	N/A	Yes	N/A
39	Montenegro*	No	N/A	Yes	N/A
40	Netherlands	No	N/A	Yes	N/A
41	Norway	No	N/A	Yes	N/A
42	Pakistan	No	N/A	Yes	N/A
43	Poland	Yes	PPT alone	N/A	N/A
44	Qatar	No	N/A	Yes	N/A
45	Romania	No	N/A	Yes	N/A
46	Russia	No	N/A	Yes	N/A
47	San Marino	Yes	PPT alone	N/A	N/A
48	Slovak Republic	Yes	PPT alone	N/A	N/A
49	Slovenia	Yes	PPT alone	N/A	N/A
50	Spain	No	N/A	Yes	N/A
51	Sri Lanka	No	N/A	Yes	N/A
52	Sweden	No	N/A	Yes	N/A
53	Switzerland	No	N/A	Yes	N/A
54	Tunisia	No	N/A	Yes	N/A
55	Turkey	No	N/A	Yes	N/A
56	Ukraine	No	N/A	Yes	N/A
57	United Arab Emirates	No	N/A	Yes	N/A
58	United Kingdom	Yes	PPT alone	N/A	N/A
59	Viet Nam	No	N/A	Yes	N/A