Annual personal income tax for the year 2025
Individuals who earned income in 2025 exceeding 5.439.096 RSD are required to file an annual personal income tax return.
For taxpayers under the age of 40, the amount of the additional deduction of income for the purpose of annual personal income tax assessment, in accordance with Article 87, paragraph 4 of the Law, is equal to the non-taxable amount of the annual personal income tax. Therefore, the additional deduction also amounts to 5.439.096 RSD.
Residents of Serbia, when calculating tax, take into account income earned both in Serbia and abroad, whereas non-residents consider only income earned in Serbia.
Taxable income is calculated as the difference between total income earned and the non-taxable amount.
On the basis of personal deductions, the following amounts may be deducted from taxable income:
- For the taxpayer: 40% of the average annual salary (725.213 RSD)
- For each dependent family member: 15% of the average annual salary (271.955 RSD)
The total amount of personal deductions cannot exceed 50% of taxable income. A deduction for a specific dependent family member can only be claimed by one taxpayer.
Annual personal income tax is paid on taxable income at the following rates:
- 10% – on the amount of taxable income up to six times the average annual salary, in an amount not exceeding 10.878.192 RSD
- 15% – on the difference between the amount that exceeds 10.878.192 RSD and that amount
No later than April 1, 2026, the Tax Authority will prepare the tax return for 2025 and make it available in electronic form on the Tax Administration portal, thereby making it accessible to the individual taxpayer liable for annual personal income tax. The individual is obliged to amend/supplement the tax return in the sections where the data presented are incorrect or where the data are not available to the Tax Authority (e.g. information on dependent family members and the amount of personal deductions for dependent family members).
An individual submits the tax return on Form PP GPDG in electronic form via the Tax Administration portal no later than May 15, 2026 for the annual tax for 2025 and (within the same deadline) pays the assessed amount of tax.
Please feel free to contact us if you have any questions.
IB Interbilanz Consulting
Milentija Popovića 5v, Novi Beograd
T +381 11 655 70 46
office@interbilanz.rs
