Tax Treaty: Serbia-Spain

Tax treaty signed 9 March 2009, once in effect, provides for a 5% withholding tax on dividends paid to a company that holds directly at least 25% of the capital of the payor; otherwise, the rate will be 5%. The withholding tax on interest generally will be 10%. A 5% rate will apply to royalties paid for the use of a copyright of a literary, artistic or scientific work (except for software); and 10% for royalties paid for a patent, trademark, design or model, plan, secret formula or process, or for the use of, or the right to use, industrial, commercial or scientific equipment, or for information concerning industrial, commercial or scientific experience.