Serbia: Amendments to excise tax law include gradual increase in excise taxes on tobacco products
Applicable from January 1, 2026
The National Assembly on December 3, 2025, adopted amendments to the excise tax law. The law was published in the Official Gazette on December 4, 2025, became effective on December 12, 2025, and is applicable from January 1, 2026.
The amendments include a gradual increase in excise taxes on cigarettes, tobacco, and related products from 2026 to 2030.
Read a December 2025 report prepared by the KPMG member firm in Serbia