Serbian taxes are moderate

Sept. 21, 2011

Serbian taxes are moderate

INDIVIDUAL TAXATION

Nonresidents are taxed on their income from Serbian sources. Married couples are taxed separately.

INCOME TAX

Rental income and capital gains earned by nonresidents are taxed at a flat rate of 20%. Income-generating expenses are deductible when computing for the taxable income.

RENTAL INCOME

Rental income earned by nonresidents is subject to provisional withholding tax at a flat rate of 20%. A fixed 20% lump-sum deduction from the gross income is available for income-generating expenses.

CAPITAL GAINS

Capital gains realized by nonresidents from the sale of Serbian property are taxed at a flat rate of 10%. The taxable gain is the selling price less the acquisition price (as revalued by the consumer price index) and depreciation costs.

PROPERTY TAX

TAX BASE

TAX RATE

Up to 58 498 euros

0,4%

58 498 euros - 146 244 euros

0,8%

146 244 euros - 292 489 euros

1,5%

Over 292 489 euros

3%

Source: http://www.globalpropertyguide.com/Europe/Serbia/Taxes-and-Costs