In this article we will explore the topic of Taxation in Serbia and its impact on today's society. Taxation in Serbia has been the subject of interest and debate for years, and its relevance has not diminished over time. In recent decades, we have seen significant advances and research around Taxation in Serbia, leading to greater understanding and awareness of its importance. Through this article, we will delve into the different aspects surrounding Taxation in Serbia, from its history and evolution to its influence in different areas of daily life. We hope that this exploration contributes to shedding light on Taxation in Serbia and its implications in today's world.
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Taxation in Serbia consists of the following; the standard corporate tax rate in Serbia is 15%, although some deductions might apply. The standard VAT rate is 20% and the lower rate is 10%. Income from dividends is a subject to a 15% tax. Serbia has tax treaties with most countries in, but few outside, Europe.
The standard personal tax rate is 10%. If the individual earns more than 3 times average salary, an additional tax rate of 10% is applied. For a person earning six times the average salary, an additional 15% is applied on top of the previously described taxes. It must be clear that all the tax rates described are cumulatively applied, one on top of the other.
Obligatory contributions for state funds by an employee (up to a certain amount) include:
Obligatory contributions for state funds by an employer (also capped) include:
The effective personal income tax rate is therefore somewhere in the range 20–41%. Capital gains are not subject to personal income tax.