Individuals who spend 183 days or more in Serbia within a 12‑month period are considered tax residents and are subject to tax on their worldwide income. Non‑residents are taxed only on income derived from Serbian sources.
Personal Income Tax:
- Income above €20,000 — 10% tax on the excess
- Income above €40,000 — 15% tax on the excess
Capital Gains and Investment Taxes
Capital Gains Tax (15%) — Applies to real estate, financial assets, cryptocurrency, and precious metals. Capital gains tax is not levied if the property has been held for more than 10 years.
Dividend Tax (15%) — Tax on corporate profit distributions.
No Wealth Tax — Serbia does not impose a wealth tax, making it attractive for investors.
Corporate Tax and VAT
Corporate Income Tax (15%) — A competitive tax rate for businesses.
VAT (Value Added Tax):
- Standard rate: 20%
- Reduced rate: 8%
Inheritance Tax
Progressive rates (1.5% – 2.5%) — Depending on the degree of kinship:
- Immediate family — Exempt or subject to a very low tax
- Siblings and grandparents — 1.5%
- Distant relatives or unrelated heirs — up to 2.5%
Advantages of Serbian Tax Residency
Low Tax Rates — Serbia offers competitive tax rates compared to many Western countries.
No Wealth Tax — The absence of a wealth tax is appealing to high-net-worth individuals.
Double Taxation Treaties — Agreements with over 60 countries prevent the same income from being taxed in multiple jurisdictions.
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Whether you need tax advice to prepare for a move abroad, to buy property or even retire, One World Migration can help. Consults upfront can help avoid costly mistakes and stress later.
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