Serbia: Individual income tax changes for 2016

Serbia: Individual income tax changes for 2016

New provisions under Serbia’s individual (personal) income tax law are generally effective 1 January 2016; however, certain real estate-related tax provisions are not effective until 2017.

Related content

Among the new law provisions are measures concerning:

  • Amounts or payments that are exempt from individual income tax (including employment termination payments)
  • Base salary amounts for employees seconded to work abroad
  • Exemptions for certain benefits such as per diem payments and the use of company cars

 

Read a January 2016 report (English) [PDF 211 KB] and Serbian [PDF 216 KB] prepared by the KPMG member firm in Serbia

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.