Serbia - Other taxes and levies

Serbia - Other taxes and levies

Taxation of international executives

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Social security tax

Are there social security/social insurance taxes in Serbia? If so, what are the rates for employers and employees? 

Employer and employee

In Serbia for 2015

Type of insurance Paid by employer Paid by employee Total
Pension insurance 12.00% 14.00% 26.00%
Health insurance 5.15% 5.15% 10.30%
Unemployment 0.75% 0.75% 1.50%
Total 17.90% 19.90% 37.80%

 

Social security contributions are calculated and withheld by the employer, although there are contributions payable both on behalf of employee and employer. Employers are obliged to pay social security contributions on gross salaries (including fringe benefits) of employees. 

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Serbia?

The inheritance and gift tax rates are progressive and depend on the degree of relationship between the deceased/donor and the beneficiary.

For beneficiaries related in the second degree to the deceased/donor, the rate is 1.5 percent on the whole amount.

For beneficiaries in the third and further degrees and beneficiaries who have no family relationship to a deceased/donor, the rate is 2.5 percent on the whole amount.

No wealth tax is imposed in Serbia.

Real estate tax

Are there real estate taxes in Serbia?

A form of real property tax levied on the owner of property at a local municipality or shire level.

Sales/VAT tax

Are there sales and/or value-added taxes in Serbia?

There is VAT tax in Serbia.

Unemployment tax

Are there unemployment taxes in Serbia?

None.

Other taxes

Are there additional taxes in Serbia that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

In Serbia, a customs tax is applied. However, due to the process of EU accession Serbia has gradually abolished almost all customs duties for goods originated from the EU.

Excise tax is applied on oil derivatives, cigarettes, alcohol and electricity for final consumption.

© 2016 KPMG d.o.o Beograd, a Serbia and Montenegro limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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