• Extended application of tax benefits for newly employed persons till December 31, 2025.

• Extended application of tax benefits for newly employed persons till December 31, 2025.
• The non-taxable amount for salary tax calculation is increased to RSD 28,423.
• A new category of seafarers’ income is being introduced, which will be subject to self-assessment taxation on an annual basis at a rate of 10% and will be included in the calculation of annual tax.
• If the taxpayer disposes of shares or stakes in the calendar year in which the investment in alternative investment funds was made and in the following 3 years, the taxpayer will lose the right to the tax credit and will be obligated to pay the obligation along with interest for the previously realized tax credit.

Full overwiev of personal income taxes in Serbia

• The possibility is being introduced to define the calculation of VAT on the transfer of the entire or part of the assets by decision or contract, applicable to the contracts conducted from 1st January 2025.
• The right to deduct previous tax based on electronic invoices is granted to the taxpayer if the invoice is accepted by the 10th of the following month; otherwise, this right will be carried over to the next period.
• It is stipulated that the electronic recording of input VAT is carried out no later than the 12th day of the calendar month following the tax period for which the input VAT is recorded, with the balance on the 10th day of the calendar month.

Find out more about VAT in Serbia.

• A new category of dubious and disputed claims has been defined, which includes unpaid tax obligations in the following cases: a company undergoing bankruptcy proceedings, a company that has been removed from the prescribed register during compulsory liquidation, a deceased individual, a legally incapacitated individual with claims exceeding the value of their assets, and an absent individual with claims exceeding the value of their assets.
• The monetary fines for various tax offenses have been increased.
• Off-balance tax accounting will be abolished on 31st of December 2024, and the Tax Administration will transfer outstanding obligations to standard tax accounting as dubious and disputed claims by that date.