The income and capital tax treaty between Armenia and Serbia reportedly entered into force on 3 November 2016. The treaty, signed 10 March 2014, is the first of its kind between the two countries. Taxes Covered The treaty covers Armenian profit tax, income tax, and property tax. It covers Serbian corporate income tax, personal income tax, and tax on capital. Withholding Tax Rates Dividends - 8% Interest - 8% Royalties - 8% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by the other State: Gains from the alienation of immovable property...