LumenWhat are the personal income tax rates in Serbia?
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Serbia taxes each kind of income at its own rate under the Personal Income Tax Law: salaries and self-employment income at 10%, interest, dividends and capital gains at 15%, and rental, copyright and other income at 20%. People with high yearly income also pay an annual income tax of 10% or 15% on top.
Key facts
| What | The law says | Source |
|---|---|---|
| Salary | 10% | Personal Income Tax Law, art. 16 |
| Self-employment (entrepreneur) | 10% | art. 38 |
| Interest, dividends, investment fund income | 15% | arts. 61, 64 |
| Capital gains (real estate, shares, securities, digital assets) | 15% | arts. 72, 77 |
| Renting out real estate | 20% on gross rent minus 25% standard costs | arts. 65v, 65g |
| Copyright and industrial property | 20%; 10% for self-assessed contract fees under the second standard-cost model | art. 58 |
| Other income (e.g. a contract for work, ugovor o delu) | 20%; 10% for self-assessed contract fees under the second standard-cost model | arts. 85, 86 |
| Annual income tax | 10% up to six average annual salaries, 15% on the part above | arts. 87, 89 |
How the system works
Serbia does not add all your income together and apply one scale. The law lists seven kinds of income (salary, self-employment, copyright, capital, real estate, capital gains, other income) and each has its own base and rate (art. 3). Most of this tax is withheld by the payer; some you calculate yourself.
On top of that, people whose yearly income is above three times the average annual salary in Serbia pay an annual income tax (art. 87). It is charged at 10% on the taxable base up to six average annual salaries, and 15% on the part above (art. 89).
Related questions
- Who counts as a tax resident: see the 183-day and centre of interests rule (art. 7).
- Interest on dinar savings deposits is exempt from tax on capital income (art. 65).
Sources
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