In today's world, business operations are continuously evolving. Those who are ready to adapt and embrace change have the greatest potential for success. In this modern era, individuals with a clear vision thrive. We envision Serbia as a country of boundless opportunities for all its citizens. Together, we not only work to create these opportunities but also ensure that we are equipped to fully capitalise on them.
Every citizen is required to pay taxes in accordance with the law. Taxes drive national progress by funding essential services such as road infrastructure, public transport, education, scientific research, culture, public works and more. Failure to pay taxes is not only illegal but also negatively affects the quality of life and the proper functioning of society.
Tax systems generally classify taxes into three main categories: consumption, income and property taxes.
- The following taxes are related to consumption:
- VAT (the general consumption tax)
- Excise duties (tax on the consumption of certain goods)
- Taxes on non-life insurance premiums
- The following taxes are related to income:
- Corporate income tax
- Individual income tax
- The following taxes are related to property:
- Property tax
- Inheritance and gift tax
- Absolute rights transfer tax
- Taxes on the use, possession and carrying of goods (tax on the use of motor vehicles, tax on the use of vessels, tax on the use of aircraft and tax on registered firearms).
Mandatory social insurance contributions are paid to designated funds and are considered a form of public revenue and a “tax cost” for taxpayers.
Individual income tax is paid during the year on earnings specified by law (e.g. salaries, self-employment income, capital gains). In addition to these taxes that are paid at the moment when income is made, the Individual Income Tax Law also stipulates an additional annual individual income tax (if the total net income of an individual in one calendar year exceeds the non-taxable threshold). For 2024, the annual non-taxable income stood at RSD 4,874,508.