ISSN 1452-6662
Over 180 up-to-date legal acts of the Republic of Serbia translated to English.
Group: TAXATION SYSTEM IN SERBIA, ACCOUNTING AND AUDITING
Issue: INDIVIDUAL INCOME TAX LAW - Translation of the latest amendments and additions published in the Službeni glasnik RS, No. 118/21 of 9 December 2021 will be available in January 2022.
Published in the Službeni glasnik RS, Nos. 24/01 of 12 April 2001, 80/02 of 26 November 2002, 80/02 of 26 November 2002 (other law), 135/04 of 21 December 2004, 62/06 of 19 July 2006, 65/06 of 28 July 2006 (Corrigendum), 31/09 of 30 April 2009, 44/09 of 9 June 2009, 18/10 of 26 March 2010, 50/11 of 8 July 2011, 91/11 of 2 December 2011 (Decision CC), 93/12 of 28 September 2012, 114/12 of 4 December 2012 (Decision CC), 47/13 of 29 May 2013, 48/13 of 31 May 2013 (Corrigendum), 108/13 of 6 December 2013, 57/14 of 30 May 2014, 68/14 of 3 July 2014 (other law), 112/15 of 30 December 2015, 113/17 of 17 December 2017, 95/18 of 8 December 2018, 86/19 of 6 December 2019, 153/20 of 21 December 2020 and 44/21 of 29 April 2021
Section: Part One
BASIC PROVISIONS

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  • Article 1
    Individual income tax shall be payable, in conformity with the provisions of the present Law, by individuals who earn income.
    The taxation of individual income shall be dealt with by the present Law exclusively.
    Tax exemptions and facilities may be introduced by the present Law exclusively.
  • Income
     Article 2
    Individual income tax shall be payable on income from all sources, other than those excluded under the present Law.
    Taxable income shall mean the difference between gross income earned by a taxpayer on some of the grounds referred to in Article 3 of the present Law and the expenses he/she had incurred in generating and preserving it, if so provided by the present Law.
    Income shall be understood to mean the sum of taxable revenues referred to in paragraph 2 of this Article generated in a calendar year.
  • Taxable Revenues
     Article 3

    Individual income tax shall be payable on the following kinds of revenues:

    1) wages and salaries;

    2) revenue from self-employment;

    3) revenue from copyrights, rights related to copyrights and industrial property rights;

    4) revenue from yield on capital;

    5) revenue from real estate;

    6) capital gains;

    7) other revenues.

    The revenues referred to in paragraph 1 of this Article shall be taxable regardless of whether they were received in money or kind, on the basis of performance or in some other way.