Personal tax in Serbia
Serbian residents are taxed on their worldwide income; non-residents are taxed only on income generated in Serbia. For income tax purposes, an individual is considered resident if he/she has a residence or center of business or stays in Serbia for at least 183 days in the total during the tax year.
- The principal taxable forms of income are
- employment income (10%),
- royalties and rent, (20%),
- capital gains (15%).
Residents receiving income of 3 or more times the annual average earnings in the tax year are subject to annual income tax.
Other Taxes on Individuals are:
- Inheritance tax is levied on inheritances and gifts at progressive rate between 1.5% (for taxpayers in the second order of succession) and 2.5% (for taxpayers in the third and subsequent orders of succession).
- Transfer tax of 2.5% applies on transfer of immovable property (i.e. intellectual property, real property, etc).
- Property tax is levied on the occupation of real estate at progressive rates ranging from 0.4% to 2%.