Country Payroll Guide Serbia

Key Facts

Capital

Belgrade

Date format

dd/mm/yyyy

Currency

Serbian Dinar (RSD)

VAT

the standard rate is 20%

Contributions

Minimum Wage

Minimum Wage

The minimum wage in Serbia is EUR per month.

Payroll

Payroll Cycle

Monthly

Income Tax

Employee Income Tax (1)

Up to 4,570,128,00 RSD - 10%

Employee Income Tax (2)

Over 4,570,128,00 RSD - 15%

Working Hours

General Working Hours

40 hours per week.

Overtime

Maximum 8 hours a week and 4 hours a day; paid 126% of regular salary.

Leave

Paid Time Off

20 days per year.

Public Holidays

12 public holidays.

Sick Days

First 30 days, employees receive 65% of salary if the injury is not related to work, and 100% if it was work related.

After these 30 days, the payment comes from the state.

Maternity Leave

365 days.

Paternity Leave

in some cases the father could use the maternity leave if the mother can’t take care of the baby during that period.

Termination

Termination Process

Employers must provide an explanation in writing and at least 8 days’ notice if the termination is based on performance. The explanation must include the reason for dismissal, evidence, and an opportunity for the employee to respond.

Failure to follow the procedure could result in a court invalidating the dismissal.

Notice Period

Employer must give 6 days notice; employee must give 15 days notice; if it’s redundancies – 30 days.

Severance Pay

In the case of redundancies the pay is at least 1/3 of the regular salary for every year of service.

Probation Period

Maximum 6 months.

Visa

Employment Visa

Temporary residence permit and a work permit; Type D Work Permit – temporarily, lasts for one year, and can be renewed for an additional year.