Annual personal income tax – 2020
valid for 2019 (to be paid in 2020)
| Taxable income bracket | Tax rate on income in bracket |
| 0 – 2.729.304 | 0% |
| 2.729.304 – 5.458.608 | 10% |
| Over 5.458.608 | 15% |
Annual personal income tax – 2020
valid for 2020 (to be paid in 2021)
| Taxable income bracket | Tax rate on income in bracket |
| 0 – 2.987.424 | 0% |
| 2.987.424 – 5.974.848 | 10% |
| Over 5.974.848 | 15% |
| Type of income | Tax rate |
| Employment income | 10% |
| Income from independent activities | 10% |
| Income from Authorship and Intellectual Property Rights | 20% |
| Income from capital | 15% |
| Income from capital gains | 15% |
| Other taxable income | 20% |
Social contributions| Type of insurance | Paid by employer | Paid by employee | Total |
| Pension insurance | 11.00% | 14.00% | 25.00% |
| Health insurance | 5.15% | 5.15% | 10.30% |
| Unemployment insurance | 0.00% | 0.75% | 0.75% |
| Total | 16.15% | 19.90% | 36.05% |
| Corporate income tax | Uniform | 15% |
| Withholding tax | For dividends/share in profit, royalties, interest income, fees for services provided or used in Serbia, income from distributed surplus of a company in bankruptcy, revenues derived from the liquidation surplus of a liquidated company, and lease payments for real estate and other assets made to a non-resident, unless a DTT applies to provide a reduced rate or exemption. | 20% |
| Standard rate | 20% |
| Reduced VAT rate applies for basic food, daily newspapers, medicines, publications, public transportation services, utilities, etc. | 10% |
| With the right of deduction of the input VAT that applies to the export of goods, transport and other services directly related to exports, international air transport, etc. | 0% |
| Without the right of deduction of the input VAT applies to trading in shares and other securities, insurance and reinsurance, and the lease of apartments, business premises, etc. | 0% |
