2015 annual income tax liability in Serbia exists for following individuals:
- Serbian residents, for their worldwide income generated in 2015; and
- non-residents, for their income generated in Serbia in 2015;
provided that such generated income exceeds total net amount of RSD 2,201,220.
The income subject to annual income tax is income generated by an individual from salary, self-employment, copyright and rights related to copyright, industrial property rights, lease of immovable and movable property, income of athletes and sports professionals as well as other income in accordance with Article 85 of the Personal Income Tax Law.
Total net income of an individual generated in calendar 2015 is taxable progressively as follows:
- income generated up to RSD 2,201,220 – non-taxable;
- income generated in range between RSD 2,201,220 and RSD 6,603,660 – subject to 10% tax rate;
- income exceeding RSD 6,603,660 – subject to 15% tax rate.
The annual taxable base for 2015 may be reduced by the following personal deductions (but cannot reduce taxable income for more than 50%):
- reduction for a taxpayer: RSD 293,496;
- reduction for each dependent family member of a taxpayer: RSD 110,061.
The deadline for submission of annual income tax return for 2015 is 16 May 2016. The returns may be submitted only electronically, on PPDG-2R form.