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Serbia: Taxes and Costs

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Serbian rental income taxes are moderate

Effective Tax Rate on Rental Income
Monthly Income	€1,500	€6,000	€12,000
Tax Rate	16%	16%	16%
Click here to see a worked example
Source:			Disclaimer

INDIVIDUAL TAXATION

Non-residents are taxed on their income from Serbian sources. Married couples are taxed separately.

INCOME TAX

Rental income and capital gains earned by non-residents are taxed at a flat rate of 20%. Income-generating expenses are deductible when computing for the taxable income.

RENTAL INCOME
Rental income earned by non-residents is taxed at a flat rate of 20%. A fixed 20% lump-sum deduction from the gross income is available for income-generating expenses.

If the rent is paid in advance for a period of more than a year, the income may be spread over in equal parts to a maximum period of five years.

CAPITAL GAINS
Capital gains realized by non-residents from the sale of Serbian property are taxed at a flat rate of 20%. The taxable gain is the selling price less the acquisition price (as revalued by the consumer price index) and depreciation costs.

If the capital gain is invested in housing within a 60-day period, the gain is exempt from tax. Any capital gain realized through a sale of property obtained before 24 January 1994 is also exempt from capital gains tax.

PROPERTY TAX

Real Estate Tax

Property tax in Serbia is paid by the individual owner of the property rights. Properties valued at RSD400,000 (€4,533) or less are exempt from property tax. Property tax is levied on the property value at the following progressive rates:

CORPORATE TAXATION

INCOME TAX

Income and capital gains (derived from immovable properties) earned by corporations are taxed at the standard rate of 10%. Income-generating expenses and operating expenses are deductible from the gross income.

PROPERTY TAX

Corporate property owners are liable for property tax at a flat rate of 0.4%.

Serbia - more data and information

• Guide to buying houses and registering property sales in Serbia

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