2019 non-taxable threshold for annual income tax purposes

Tax Alert, March 2020


Based on the published data in Official Gazette no. 16/2020 from February 27th 2020 regarding average annual salary per employee paid out in 2019 in the Republic of Serbia, the non-taxable threshold relevant for determining 2019 annual personal income tax filing liability is set at RSD 2,729,304.

Annual income taxpayers for 2019 are natural persons, both tax residents and tax non-residents, whose annual net income for 2019 exceeded the afore-mentioned threshold.

Non–taxable amount, taxable amounts and personal deductions relevant for 2019 annual income tax are presented in the table below:

DESCRIPTION                                                                                   AMOUNT IN RSD

Non-taxable amount                                                                          2,729,304                          
Income taxable at 10%                                                                       5,458,608

Income taxable at 15%                                                                       Above 5,458,608

Personal deduction for a taxpayer*                                                  363,907

Deduction for a dependent family member*                                 136,465


* Total amount of deductions cannot exceed 50% of income to be taxed

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