Serbia Increases Non-Taxable Amount for Salary Tax Purposes and Extends Exemptions for New Employees, with New Conditions and Caps

Serbia's National Assembly has approved the Law on Amendments to the Law on Personal Income Tax, including:

• An increase in the non-taxable amount for salary tax purposes from RSD 34,221 to RSD 37,369 per month; and
• An extension of the exemption (relief) from salary taxes due by employers in respect of new first-year employees until 31 December 2028 (65% to 75% exemption).

Serbia's National Assembly also approved the Law on Amendments to the Law on Mandatory Social Security Contributions,…