Personal Income Tax
May 15, 2023 - read
Taxpayers of the annual personal income tax are residents and non-residents who earned income in Serbia of more than 3,719,376 serbian dinars.
Who has to pay annual personal income tax and when is the deadline?
Taxpayers of the annual personal income tax are residents and non-residents who earned income in Serbia of more than 3,719,376 dinars.
They have an obligation to submit a tax return for the annual personal income tax to the Tax Administration by May 15 and pay the tax debt based on the income earned in the previous year.
What’s new in 2023?
As of January 1, 2023, the Tax Administration will no longer issue decisions on the established obligation of the annual personal income tax. Therefore, the annual personal income tax on income generated in 2022 is determined and paid through self-taxation.
For taxpayers who are less than 40 years old on the last day of the calendar year 2022, net income earned based on wages will be additionally reduced by double the nontaxable amount.