Serbia Tax Tables 2024 - Tax Rates and Thresholds in Serbia

This page contains the tax table information used for the calculation of tax and payroll deductions in Serbia in 2024. 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.

Serbia Personal Income Tax Tables in 2024

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 2024.

Serbia provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Serbia in 2024:

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 2024

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.

The pension and disability insurance contribution is a fundamental part of the social security system in Serbia. It is designed to provide individuals with financial support upon retirement or in the event of disability. This insurance aims to ensure that individuals can maintain a reasonable standard of living even when they are no longer able to work due to age or health-related issues. Both employees and employers make contributions towards this fund, underlining the collective responsibility to support retirees and those with disabilities.

Health insurance contributions are another crucial aspect of Serbia's social security system. These contributions fund the public healthcare system, ensuring that all residents have access to medical services. This includes preventive care, treatment of illnesses, hospitalization, and prescription medications. The health insurance system aims to promote public health and well-being by providing comprehensive medical care to the population, regardless of their financial situation.

Unemployment insurance is designed to provide financial assistance to individuals who are temporarily out of work. This contribution helps to support job seekers during their period of unemployment, offering them a safety net until they can find new employment. It also funds programs aimed at improving employability, such as training and job placement services. Unemployment insurance is a critical component in maintaining social stability and supporting economic mobility.

Contributions to the social care system support services for the most vulnerable members of society, including the elderly, children, and individuals with disabilities. This fund helps to finance social welfare programs, such as care homes, day care services, and assistance for those in need. It underscores the commitment of the Serbian government and its citizens to uphold the principles of social justice and solidarity.

In addition to these contributions, there are also specific payroll deductions for maternity and child care support. These deductions contribute to funding maternity leave benefits and child care subsidies, ensuring that parents can afford to take necessary time off work following the birth or adoption of a child. This support is vital in promoting family well-being and child development.

Employers in Serbia are also required to make contributions towards occupational health and safety programs. These funds are used to improve workplace conditions, reduce the risk of accidents and injuries, and promote a healthy working environment. Investing in occupational health and safety is essential for protecting workers and enhancing productivity.

In conclusion, social security and payroll deductions in Serbia represent a shared commitment between employees and employers to contribute to the welfare of society. These contributions fund essential services and support systems that benefit individuals and families across the country, from healthcare and pension benefits to unemployment support and social care. Understanding these contributions is crucial for both employers and employees to ensure compliance and appreciate the significance of their contributions to societal well-being.

Serbia VAT Rates in 2024

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.

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.