Individual - Foreign tax relief and tax treaties

Last reviewed - 21 April 2023

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