Tax incentives in Serbia: The property tax rate for real estate rights holders (property tax payers) is 0.4%. The corporate income tax rate is 10 percent. Personal income tax rate is 10%. All are at the lowest level in Europe.
As for income tax, if you are a foreign invested company in Serbia, there are different levels of credits depending on the amount of investment and the number of people employed. For example:
1) Investments related to franchises are exempted from corporate income tax for 5 years for authorized companies.
2) Enterprises that make investments in fixed assets such as real estate due to the needs of their main business are entitled to ....
3) Enterprises that make investments in fixed assets such as real estate due to the needs of their main business, as determined by smaller legal entities under relevant laws, are entitled to ....
4) Enterprises that make investments in fixed assets, such as real estate, due to the needs of their main business, and whose main business consists of agriculture, fisheries, textile yarn and fabric production, garment production, fur processing and dyeing, leather processing and leather products production, metal products production, office supplies production, electrical machinery production and the production of radio equipment, television and communication equipment, medical, precision and optical instruments, Motor vehicle, trailer and semi-trailer production and other transportation production, scrap recycling, film and video production, and one of the following .....
5) 10-year exemption from corporate income tax for enterprises that make fixed asset investments of up to 8 million euros due to the needs of their main business, which can create more than 100 new jobs;
6) 5-year exemption from corporate income tax for enterprises that make fixed asset investments of more than 80,000 euros in an economically underdeveloped region, if they hire more than five permanent employees during the investment period, with more than 80 percent of their permanent employees coming from the local area. corporate income tax.