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Tax Alert, February 2019

Adjusted non–taxable amounts in Serbian currency (RSD)

In accordance with Article 12a of Personal Income Tax Law, non-taxable amounts in Serbian currency (RSD) for purposes of personal income tax are being adjusted for annual consumer price index in the year preceding the year for which the alignment is done, based on data of the authority responsible for statistics.

Based on the consumer price index in Serbia in 2018 publicized by the Statistical Office of the Republic of Serbia, table below displays some of the non-taxable amounts for the purpose of personal income tax, which will be effective from February 1st, 2019:

 

Description

Amount in RSD

Non-taxable salary amount

15,300

Assistance in the event of the death of an employee, retired ex-employee or a family member of an employee 

68,488

Student scholarships and loans

11,741

Food reimbursement - Allowance that amateur sports clubs pay to amateur athletes

9,784

Reimbursement for work done by members of election commissions, polling and voting committees and for work on the population census

5,253

Financial assistance to natural persons not employed by the provider

13,001

Commuting costs

3,914

Per diem for local business trip

2,349

Travel costs on a business trip

6,850

Solidarity assistance in the event of illness, medical rehabilitation or disability of an employee or a member of his / her family

39,137

New Year's and Christmas present for children of employees, up to the age of 15

9,784

Anniversary award for employees

19,567

Private health insurance premiums and pension contributions for private pension fund

5,872

Bonuses and other similar compensations to natural persons not employed by the payer

13,001

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