Serbia Japan Tax AgreementNovember 2021
The 2020 double tax agreement, DTA, between Serbia and Japan will enter into force on December 5, 2021 applying from January 1, 2022.
According to the DTA the tax withholding rates will be 5%/10% for payments of dividends, 10% for interest and 5% for royalties.
Serbia 15% Corporate Income Tax RateJanuary 2013
Starting January 2013 the new corporate income tax rate in Serbia is 15% increased from the previous 10% rate.
Serbia New 20% V.A.T. RateOctober 2012
Starting October 1, 2012 the standard V.A.T. rate in Serbia increased from the previous 18% rate to 20%.
There is no change in the reduced 8% rate.
Serbia Tax Rates 2011July 2011
There are no significant changes in the 2011 Serbian tax rates compared to 2010. The corporate income tax rate, personal income tax rate and the V.A.T. rate remain unchanged.
Serbia Personal Income TaxMay 2010
The Serbian parliment adopted amendments relating to personal taxation effective from 27/3/2010.
According to the amendments capital gains tax decreased from 20% to 10%.
Certain capital income from interest and dividends was reduced from 20% to 10% too.
Serbia Tax Rates 2009September 2009
There are no significant changes in the 2009 tax rates compared to 2008.
The corporate income tax rate is 10%.
Individuals pay 12% on salary income and 10%-15% on other income.
The standard V.A.T. rate for 2009 is 18%. There is a reduced rate of 8%.
Taxation of Dividends in SerbiaJune 2009
Following an amendment to the Serbian income tax law 80% of dividends received by an individual are taxable, compared to the previous tax base of 50%.
The effective income tax rate on dividend income is now 16%, standard 20% rate * 80%.
The new tax base is effective from May 8, 2009.
Serbia Tax Rates 2008February 2008
In 2008 the personal income tax rates in Serbia are 10%-15%.The tax rate for salary income is 12%. The corporate income tax ratre is 10%. The standard VAT rate in Serbia is 18%.There is a reduced VAT rate of 8%.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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