The income and capital tax treaty between Luxembourg and Serbia reportedly entered into force on 27 December 2016. The treaty, signed 15 December 2015, is the first of its kind between the two countries. Taxes Covered The treaty covers Luxembourg income tax on individuals, corporation tax, capital tax, and communal trade tax. It covers Serbian corporate income tax, personal income tax, and tax on capital. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise 10% Interest - 10% Royalties - 5% for the use of,...