Serbia: Living There - Tax Issues
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Living There
Taxes are generally levied at 20%. However, a withholding tax on employment income is levied at 12% and 10% is applied to income from business activities.
A permanent resident is taxed on his worldwide income. Residents are taxed at the following rates:
INCOME TAX |
|
| TAXABLE INCOME, RSD (€) | TAX RATE |
| Up to 1,142,820 (€14,374) | nil |
| 1,142,820 – 2,285,640 (€28,747) | 10% on band over €14,374 |
| Over 2,285,640 (€28,747) | 15% on all income over €28,747 |
| Source: Global Property Guide | |
A foreign national pays only on his income incurred in Serbia. Foreign nationals residing in Serbia are taxed at the following tax rates:
INCOME TAX |
|
| TAXABLE INCOME, RSD (€) | TAX RATE |
| Up to 1,904,700 (€23,956) | nil |
| 1,904,700 – 3,047,520 (€38,330) | 10% on band over €23,956 |
| Over 3,047,520 (€38,330) | 15% on all income over €38,330 |
| Source: Global Property Guide | |
The basic personal allowance for Serbian residents amounts to RSD152,376 or €1,917 (40% of the average annual salary). Each dependant can claim a maximum of RSD57,141 or €719 (155 of the average annual salry). Total allowances must not exceed 50% of the aggregate income of the household.
Serbia - more data and information
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