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Non-taxable amounts for 2016

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Personal Income Tax Law – adjusted non – taxable amounts

On 25th of January 2016 Personal Income Tax Law has been published with the adjusted non – taxable amounts in the Official Gazette no. 5/2016. Adjusted, non – taxable amounts come into force on 1st of February 2016.

Table no. 1 displays some of the non – taxable amounts for the purposes of personal income tax:

Table 1

Description Amount in RSD
Non-taxable salary amount                                             11.604
Comuting costs                                            3.666
Per diem for local business trip                                            2.201
Travel costs on a business trip                                            6.417
Private car for business purposes/business trips                                            6.417
Anniversary award for employees                                           18.331
New Year's and Christmas' present for employees children, until the age of 15                                             9.166
Volontary premiums for health insurance and pension contributions                                             5.501


Adjusted non – taxable amounts of personal income tax

Based on the published data on average annual salary per employee paid out in 2015 in the amount of RSD 733,740 in the Republic of Serbia, the non-taxable threshold relevant for determining 2015 annual personal income tax filing liability is set at RSD 2,201,220. Annual income tax payers for 2015 are natural persons, both tax residents and tax non-residents, whose annual net income for 2015 exceeded the aforementioned threshold.

Table no. 2 presents the non – taxable amounts, taxable amounts and personal deductions relevant for 2015 annual income tax:

Table 2

Description                            Amount in RSD            
Non-taxable amount 2.201.220
Income taxable at 10% 4.402.440
Income taxable at 15% above 4.402.440
Personal deduction for a taxpayer* 293.496
Deduction for a dependant family member* 110.061
*Total amount of deductions cannot exceed 50% of income to be taxed            


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