Serbia: Amendments to various tax laws, including property tax and lump sum tax on entrepreneurs

Recent amendments to various tax laws in Serbia

Recent amendments to various tax laws in Serbia

The KPMG member firm in Serbia prepared a report about recent amendments to various tax laws in Serbia.

Amendments to property tax

  • Tax exemption for real estate transfer tax when a foreign country acquires immovable property for the needs of its diplomatic-consular representative office, under the condition of reciprocity—effective 1 January 2024
  • Postponement in starting date from which local municipalities (rather than the tax authorities) will determine, collect, and audit the inheritance and gift tax and the tax on the transfer of absolute rights until 1 January 2025

Amendments to individual (personal) income tax and mandatory social insurance contributions law

  • Increase in non-taxable amount for salary tax calculation to RSD 25,000 (from RSD 21,712)—effective 1 January 2024
  • Extension until 31 December 2024 of right to refund of part of the salary tax and part of the mandatory social insurance contributions on the salaries of a newly employed individuals

Amendments to lump sum tax on entrepreneurs

  • Extension until 31 December 2025 of limitation of the increase of the tax base for lump sum tax on entrepreneurs of a maximum of 10% per year
  • Reduction of the base for lump sum tax on newly registered entrepreneurs by 50% (from 20%)

Read a November 2023 report [PDF 964 KB] prepared by the KPMG member firm in Serbia



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