Individual - Foreign tax relief and tax treaties

Last reviewed - 13 February 2020

Foreign tax relief

Serbian residents are taxed on their worldwide income. When income generated in another country is taxed there, the taxpayer has the right to decrease the tax liability by claiming a tax credit to the tax authorities in Serbia. This tax credit is equal to the tax paid in another country, but it cannot exceed the amount of the tax that would have been paid in Serbia.

Tax treaties

Serbia has double tax treaties (DTTs) with the following countries:

Albania Greece Pakistan
Armenia Hungary Poland
Austria India Qatar
Azerbaijan Iran Romania
Belgium Ireland Russia
Belorussia Italy Republic of Korea
Bosnia and Herzegovina Kazakhstan Slovak Republic
Bulgaria Kuwait Slovenia
Canada Latvia Spain
China Libya Sri Lanka
Croatia Lithuania Sweden
Cyprus Luxembourg Switzerland
Czech Republic Macedonia Tunisia
Denmark Malaysia Turkey
Egypt Malta Ukraine
Estonia Moldova United Arab Emirates
Finland Montenegro United Kingdom
France Netherlands Vietnam
Georgia North Korea
Germany Norway