Serbia Tax Tables 2020 - Tax Rates and Thresholds in Serbia
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This page contains the tax table information used for the calculation of tax and payroll deductions in Serbia in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ RS, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Serbia or would like to add to or suggest amendments to the information herein then please contact us.
2020 Tax Tables [Quick Links]
Related Calculators
Serbia Personal Income Tax Tables in 2020
The Income tax rates and personal allowances in Serbia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Serbia Tax Calculator 2020.
Serbia provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Serbia in 2020:
Serbia Standard Deduction in 2020Residence Status | Standard Deduction |
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Resident | РСД 25,000.00 |
Non-resident | РСД 0.00 |
Serbia Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from РСД 0.000.00 | to | РСД 2,470,644.00 |
10% | Income from РСД 2,470,644.01 | to | РСД 4,941,288.00 |
15% | Income from РСД 4,941,288.01 | | and above |
Serbia Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from РСД 0.000.00 | to | РСД 2,470,644.00 |
10% | Income from РСД 2,470,644.01 | to | РСД 4,941,288.00 |
15% | Income from РСД 4,941,288.01 | | and above |
In Serbia, social security deductions made by employees are considered deductible when calculating taxable income. This means that the amount contributed towards social security by employees can be subtracted from their gross income before income tax is applied. This approach helps to lower the taxable base for individuals, effectively reducing the amount of income tax they owe. The deductibility of social security contributions thus serves to alleviate the tax burden on employees, making the system fairer and more balanced.
Serbia Social Security and Payroll Deduction Rates in 2020
In Serbia, social security and payroll deductions are integral components of the employment framework, ensuring that both employees and employers contribute to the nation's welfare systems. These deductions fund various social security programs, providing benefits such as pension, health insurance, unemployment support, and more. This comprehensive guide explores the different types of social security contributions and what they finance in the Serbian context.
Serbia Social Security in 2020: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Pension and Disability Insurance | 14% | 12% | 26% |
Health Insurance | 5.15% | 5.15% | 10.3% |
Unemployment Insurance | 0.75% | 0% | 0.75% |
Serbia Social Security and Payroll Deduction in 2020: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Pension and Disability Insurance | n/a | n/a | РСД 481,716.00 | РСД 6,881,640.00 |
Health Insurance | n/a | n/a | n/a | n/a |
Unemployment Insurance | n/a | n/a | n/a | n/a |
Serbia VAT Rates in 2020
VAT rates for Serbia are reviewed annually, you can use the VAT Calculator to calculate VAT due in Serbia or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Serbia VAT RatesVAT Rate | VAT Description |
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0% | Zero Rated |
8% | Reduced Rate |
20% | Standard Rate |
Historic Tax Tables supported for Serbia
The following tax tables are supported by iCalculator™ RS as part of the suite of free tax tools we provide for Serbia.