Overview

Capital Belgrade

Currency Serbian Dinar

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Taxes

Employer

Employee

Termination

Termination Process Employer must provide the employee with minimum of 8 days and maximum of 30 days of notice.

Advance Notice Employee must give minimum of 15 days and maximum of 30 days of advance notice.

Severance Pay No mandatory requirements for a severance payments.

Mandatory Benefits

Pension Fund

The employer contributes 11% of the employee’s regular wages.
The employee contributes 13% of the average wages. Contribution ceiling is five times the monthly minimum wage.

Social Security

Employer contributes - 5.15%
Employer contributes - 0.75%
Pension and disability insurance -14%
Employee contributes - 5.15%
Employee contributes - 0.75%
Pension and disability insurance - 12%

Minimum Wage

General Minimum wage is RSD 121 per hour.

VAT

General VAT is 20% standard rate.