U.S. and Serbia Cooperate on Adjusting Tax Regulations

Ambassador Kyle Scott and Serbian Minister of Finance Siniša Mali signed an agreement to improve international tax compliance. The agreement facilitates implementation of the Foreign Account Tax Compliance Act (FATCA), a U.S. law aimed at combating tax evasion by U.S. persons holding overseas financial accounts. The agreement addresses legal impediments and reduces burdens for Serbian financial institutions in reporting financial …

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