Serbia

Personal deductions and allowances

For each specific source of income, the law provides special rules regarding the application of personal deductions and allowances.

Income subject to supplementary annual taxation may be reduced by personal deductions and allowances for supporting dependent family members. The same personal deductions and allowances apply to both Serbian and foreign nationals:

• In case of a taxpayer: 40% of the average annual salary.
• In case of a dependent family member: 15% of the average annual salary per dependent.

Total deductions cannot exceed 50% of the taxable income.