The National Assembly of the Republic of Serbia adopted the Law on Amendments to the Excise Duty Law (the Law) at its session held on 3 December 2025. The Law was published in the Official Gazette of the Republic of Serbia No. 109/2025 as of 4 December 2025.
The Law entered into force on 12 December 2025 and shall apply from 1 January 2026 or from the date of entry into force.
The most important changes are presented below.
Excise taxation of a specific group of products for the period from 2026 to 2030.
The amendments envisage a gradual increase in excise duties on cigarettes, tobacco and related products, as well as on electronic cigarette liquids, as follows:
- For non-combustible tobacco and herbal products for smoking or heating and products for water pipes (hookah flavors), excise duty will be paid per kilogram of mixture in the amount of 110% of the minimum excise duty on 1,000 cigarettes starting from 2026, with an annual increase of 10 percentage points, reaching 150% in 2030.
- For electronic cigarette liquids, excise duty will be paid per milliliter of liquid in the amount of 13.12 dinars starting from 2026, with an annual increase of 1 dinar per milliliter, reaching 17.12 dinars in 2030.
- The specific excise duty on cigarettes will increase semi-annually by 1.5 dinars per pack, so that in the first half of 2026 it will amount to 106.9 dinars per pack, and in the second half of 2030 it will amount to 120.4 dinars per pack.
The relevant amendment applies as of 1 January 2026.
Adjustment of excise amounts in dinars
It is stipulated that the first subsequent adjustment of the excise amounts in dinars on cigarettes will be performed starting from January 2027, after the end of the calendar year in which the consumer price index exceeds 2%.
It is also stipulated that the first subsequent adjustment of the excise amounts in dinars on electronic cigarette liquids will be performed starting from January 2027, based on the consumer price index for 2026.
The relevant amendment applies as of 1 January 2026.
Amendments to the Excise Duty Law adopted
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