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Update - Amending Protocol to Tax Treaty between Hungary and Serbia

28 October 2024

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Treaty Development

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Hungary-Serbia

The amending protocol to the 2001 income and capital tax treaty between Hungary and Serbia was signed on 8 October 2024. The protocol 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 to taxes of every kind and description; and Article 27 (Exchange of Information) is replaced in line with the...