For the second time in the last several months, Dejan Dabetic held a comprehensive workshop regarding the implementation of OECD/G20 BEPS (Base Erosion and Profit Shifting) Action 15 in the Republic of Serbia.
The main purpose behind the workshop, which was held on December 17 at the Serbian Tax Administration Headquarter, was to provide capacity development to the Serbian Tax Administration (STA) in the field of the international tax agreements to avoid double taxation and to prevent BEPS.
BEPS is extremely important for developing countries, due to their high reliance on corporate income tax paid by multinational companies. The research that has been ongoing since 2013 more than confirms this.
Estimates are that the annual loss of income from profit tax, at the world level, amounts to 4 – 10%, which corresponds to a monetary amount of USD 100 – 240 billion per year.
“The ongoing work with STA is enabling participants to have a comprehensive understanding and practical knowledge of the avoidance of double taxation in double taxation treaties modified by the MLI. In addition, it is my sincere expectation that the workshop with employees of STA will contribute to strengthening the capacity of the Serbian Tax Administration and its readiness for quality interpretation and application of concluded DTTs including those modified by the MLI”, said Dejan Dabetic.
This workshop has been carried out within the scope of EU Public Finance Management Facility project.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
