DMK Tax & Finance LLC Belgrade Serbia

+381 11 408 5131 - office@dmk.rs

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Personal Income Tax in Serbia (PIT)

PIT is levied on salaries, income realized on the basis of services and authorship contracts with individuals, income derived from temporary and occasional jobs, interest income and other income of individuals.


  • PIT is levied on salaries, income realized on the basis of services and authorship contracts with individuals, income derived from temporary and occasional jobs, interest income, and other income of individuals.
  • PIT rates range from 12% (salaries) to 20% (other income).
  • Daily allowances, transportation and business trip costs, etc. are taxable only if they exceed prescribed non-taxable thresholds.
  • Other payments such as solidarity aid, aid in the case of death of a family member, jubilee awards, scholarships, redundancy payments, etc are taxable if they exceed prescribed non-taxable thresholds.
  • Goods and services, loans under preferential terms and other fringe benefits provided to staff are deemed to be salary and are taxed accordingly.
  • Income from service contracts is taxable at a rate of 20%. The taxable base is the difference between gross revenues and costs incurred in accordance with the PIT Law. The costs can be recognized in full (actual costs), or as a standard costs ( 20% of gross revenue).
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