APPLICABLE STATISTICAL DATA (17^th January, 2020)

The average gross salary in Republic of Serbia (paid in January 2020)

82.836,00

The average net salary (paid in January 2020)

59.941,00

The lowest monthly basis for payment of contributions for obligatory social security

- for payments from 1^st January 2020 till 31^st December 2020

25.801,00

The lowest monthly basis for payment of contributions for independent artists, preaches, church clerks and agriculturalist

- for 2020

25.801,00

The highest monthly basis for payment of contributions for obligatory social security

- for payments from 1^st January 2020 till 31^st December 2020

368.590,00

The highest annual basis for contributions for obligatory social security 

- for 2019

- for 2020

.

4.100.700,00

4.423.080,00

Untaxable amount/ deduction of tax on salaries 

- from 1st January 2020

16.300,00

Minimal net labour cost per hour

- for the period January – December 2019

- for the period January - December 2020

.

155,30

172,54

Non-taxable allowances to employees:

- transportation allowance

- business trip in country allowance

- business trip abroad allowance

- solidarity allowance

- gifts to kids of employees, up to 15 years old, for New Year and Christmas

- anniversary award

- voluntary medical insurance premium and pension fund

.

3.988,00

2.394,00

50,00 EUR

39.881,00

9.970,00

19.939,00

5.984,00

Default interest rate (on annual basis) for RSD

– effective from 8 November 2019

9,75%

Reference interest rate of NBS

– effective from 7 November 2019

1,75%

Default interest rate for taxes

11,75%