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Protocol to Tax Treaty Between Hungary and Serbia has Entered Into Force

28 March 2025

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Treaty Development

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Hungary-Serbia

According to recent reports, the amending protocol to the 2001 income and capital tax treaty between Hungary and Serbia (former Yugoslavia) entered into force on 29 December 2024. The protocol, signed 8 October 2024, is the first to amend the treaty and includes the following: Certain terms are clarified, including that the terms "Republic of Hungary" and "Federal Republic of Yugoslavia" referred to in the treaty, in relations between Hungary and the Republic of Serbia, means Hungary and the Republic of Serbia, as the context requires; Paragraph 5 of Article 25 (Non-Discrimination) is replaced to provide that the Article applies...