Overview
Capital Belgrade
Currency Serbian Dinar
Public holidays calendar
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%
Employer contributes - 0.75%
Pension and disability insurance -14%
Employee contributes - 5.15%
Employee contributes - 0.75%
Pension and disability insurance - 12%
Employee contributes - 0.75%
Pension and disability insurance - 12%
Minimum Wage
General Minimum wage is RSD 121 per hour.
Paid Time Off
Vacation days Employees are entitled to 20 days of vacation per year.
Sick days If the employee’s sick leave is non-work related, they are entitled to 65% of their average salary and if it is work related, they are entitled to 100% of their average salary during the leave. The employer is responsible for the first 30 days of the leave, afterwards the state will reimburse the employee.
Public Holidays There are 10 public holidays.
VAT
General VAT is 20% standard rate.
