This tax alert outlines the key thresholds, reliefs and filing obligations related to the 2025 annual personal income tax return in Serbia.
The Ministry of Finance announced the 2025 non-taxable threshold in February 2026.
Tax Residency and Filing Threshold
Serbian tax residents are subject to tax on their worldwide income, while non-residents are taxed on income generated in Serbia. Individuals whose total net income in 2025 exceeds RSD 5,439,096 are required to file an annual personal income tax return.
Available Allowances and Tax Reliefs
Taxpayers under the age of 40 benefit from an additional reduction of RSD 5,439,096 on qualifying income (employment, self-employment, and IP-related income) as an incentive introduced in previous years. Personal allowances are available (RSD 725,213 for the taxpayer and RSD 271,955 per dependent), capped at 50% of taxable income.
A tax credit of up to 50% of the investment is available for qualifying investments in alternative investment funds, with the minimum holding period reduced from three to two years. Tax rates apply at 10% for generated income of up to RSD 10,878,192 and 15% above this threshold.
Filing Deadline
The annual return (PP GPDG) must be filed electronically via the Serbian Tax Authority portal by 15 May 2026, with payment due upon self-assessment.
Our team can support you throughout the filing process, from reviewing eligibility for available reliefs to preparing and submitting the PP GPDG return in compliance with Serbian tax regulations. For assistance, please feel free to contact our team at [email protected]