Individuals who, by moving to another country, become tax residents of that (another) country, as a rule, cease to be tax residents of Serbia.
While the tax implications of moving to another country must be analyzed by the tax advisers in that country, we should not forget what such transition, in the tax sense, causes in Serbia.
Namely, as non-tax residents in Serbia, you can earn income on the territory of Serbia. In that case, you are obliged to fulfill a tax return for certain types of income that you earn in Serbia, for which no withholding tax is envisaged. In this way, a tax non-residents of Serbia can also be a taxpayers of annual income tax earned only on the territory of Serbia, if they earned income in the calendar year higher than three times the amount of average annual salary per employee paid in Serbia.
TPA, as part of the Baker Tilly, global audit and consulting network, can assist its clients in all tax aspects of relocating or starting a business abroad.