The income tax treaty between Israel and Serbia entered into force on 25 October 2019. The treaty, signed 22 November 2018, is the first of its kind between the two countries. Taxes Covered The treaty covers Israeli income tax and company tax (including tax on capital gains), tax imposed on gains from the alienation of property according to the Real Estate Taxation Law, and tax imposed according to the Petroleum Profits Taxation Law. It covers Serbian corporate income tax and personal income tax. Residence If a company is considered resident in both Contracting States, the competent authorities of the Contracting...