Information about Serbia Minimum wage and taxes.

Information about minimum wages and taxes in Serbia is as follows: Minimum Wage: As of 2021, the gross minimum wage in Serbia has been determined as 32,126 Serbian Dinars. This fee nets the employee 27,022 Serbian dinars. The minimum wage is determined by collective agreements between the employee and the employer and is updated every year. Taxes: The tax system in Serbia includes basic types of taxes such as income tax, corporate tax and value added tax (VAT). - Income Tax: In Serbia, income tax rates are regulated as follows: - 10%: For those with gross income of 18,300 Serbian Dinars or less - 18%: For those whose gross income is between 18,301 - 36,600 Serbian dinars - 15%: For those whose gross income is between 36,601 - 56,400 Serbian dinars - 20%: For those whose gross income is between 56,401 - 84,600 Serbian dinars - 35%: For those whose gross income is between 84,601 - 132,000 Serbian dinars - 40%: For those with gross income between 132,001 - 660,000 Serbian dinars - 50%: For those with gross income of 660,001 Serbian dinars or more - Corporate Tax: The corporate tax rate in Serbia is 15%. However, lower rates may be applied in some sectors. - Value Added Tax (VAT): VAT rates in Serbia are regulated as follows: - 20%: Standard VAT rate - 10%: Reduced VAT rate applied to some basic products such as food, medicine, books and newspapers - 0%: Zero VAT rate applied to exports, transit and some international services Although this information provides a general overview, there may be changes on issues such as tax rates and minimum wage. Therefore, it is recommended to contact the Serbian Ministry of Finance or the local tax office to obtain accurate information and updates.