Overview

Capital
Belgrade
Currency
Serbian Dinar

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Taxes

Employer
Employee

Minimum Wage

General
Minimum wage is RSD 121 per hour.

VAT

General
VAT is 20% standard rate.

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%

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.