As previously reported, the income and capital tax treaty between Hong Kong and Serbia was signed by Serbia on 14 August 2020 and by Hong Kong on 27 August 2020. The treaty is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Hong Kong profits tax, salaries tax, and property tax and covers Serbia corporate income tax, personal income tax, and the tax on capital. Residence If a person, other than an individual, is considered resident in both Contracting Parties, the competent authorities will determine the person's residence for the purpose of the arrangement through...