Non-taxable part of salary increased by 2,000 dinars on January 1st

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Jan 8, 2021

As of January 1, 2021, the non-taxable amount of salaries is increased from 16,300 dinars to 18,300 dinars per month.

In order to encourage employment, the amendments to the Personal Income Tax Law now also prescribe extending the validity of incentives for hiring new workers until the end of 2021.

These benefits relate to the right to a refund of the portion of the tax paid based on the salary of the newly hired employee from 65 to 75 per cent, depending on the number of newly hired employees, from December 31, 2020 to December 31, 2021.

The amendments to this law provide for the extension of the tax exemption related to winnings from games of chance, on winnings realized from all special games, including special games of chance when organized through electronic means of communication.

Author Snezana Bjelotomic

Source: Serbian Monitor