Serbia: Amendments to individual income tax law effective January 1, 2025
Amendments include imposition of three year holding period for tax credit for investments in alternative investment funds
The Parliament adopted amendments to the individual (personal) income tax law and the law on mandatory social security contributions.
The amendments, which were published in the official gazette no. 94/2024 and are effective January 1, 2025, include:
- Imposition of three-year holding period for right to a tax credit for investments in alternative investment funds
- Increase in non-taxable amount for salary tax
- Increase in non-taxable daily allowance for business travel abroad
- Extension of relief for newly employed individuals
- Changes to taxation of income of seafarers
Read a December 2024 report prepared by the KPMG member firm in Serbia