Serbia: Business Environment
Serbia | Eastern Europe & Central Asia | United States | Germany | |
Number of Payments of Taxes per Year | 33.0 | 13.9 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 225.5 | 226.2 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 36.6 | 36.5 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Personal income tax rate | Rate depends on the type of income |
Employment income (salary) | 10% (for taxpayers under the age of 40, the annual tax base is further reduced by an amount equal to three times the Serbian annual average wage) |
Income from capital | 15% |
Royalty, rental and other income | 20% |
Supplementary annual taxation | 10% in case of taxable income between three and six times the average annual salary (six times for taxpayers below 40 years of age) 15% in case of taxable income above six times the average annual salary (nine times for taxpayers below 40 years of age) |
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Latest Update: May 2024