Corporate Profit Tax

Corporate profit tax is paid at the uniform rate of 10%. Non-residents are taxed only based on their income generated in Serbia. The taxable base is profit determined by adjusting the accounting profit as stated in the profit and loss statement and in accordance with IFRS, accounting legislation, and the provisions of the Corporate Profit Tax Law.

Capital gains are recognized for the purpose of corporate income tax assessment. Capital gains are generated by the sale or transfer of real estate, rights related to industrial property, as well as shares, stocks, securities and certain bonds.

Withholding tax is calculated and paid at the rate of 20% on various forms of income (dividends, shares in profits, royalties, interest income, capital gains, lease payments for real estate and other assets) by a non-resident.