Taxes on income, profits and capital gains in Serbia
Serbia: Taxes on income, profits and capital gains was 17.6% in 2022. ▲ Rising
Taxes on income, profits and capital gains in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Serbia recorded 17.6% for taxes on income, profits and capital gains in 2022. That is the highest value across all 16 years on record.
That represents a change of up 23.3% on the previous year and up 131.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Serbia peaked at 17.6% in 2022 and was at its lowest, 7.6%, in 2012.
That places Serbia 110th out of 153 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on income, profits and capital gains in Serbia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2007 | 9.8% | — |
| 2008 | 10.4% | +6.2% |
| 2009 | 9.5% | -9.1% |
| 2010 | 9.3% | -1.8% |
| 2011 | 8.8% | -6.2% |
| 2012 | 7.6% | -13.2% |
| 2013 | 13.9% | +83.6% |
| 2014 | 14.1% | +0.9% |
| 2015 | 13.6% | -3.4% |
| 2016 | 14.1% | +4.1% |
| 2017 | 15.4% | +8.9% |
| 2018 | 15.2% | -1.5% |
| 2019 | 15.2% | +0.3% |
| 2020 | 14.3% | -6.2% |
| 2021 | 14.3% | +0.0% |
| 2022 | 17.6% | +23.3% |
Serbia compared with similar countries
- Serbia's 17.6% is below the median for upper middle income countries, which is 22.7%, 78% of the median. (48 countries reporting)
- Serbia's 17.6% is below the median for Europe & Central Asia, which is 20.9%, 84% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains in Serbia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +83.6% | 7.6% | 13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.9% | 9.5% | 10.4% | 3 |
| 2010s | 12.7% | 7.6% | 15.4% | 10 |
| 2020s | 15.4% | 14.3% | 17.6% | 3 |
Countries ranked near Serbia
More public sector data for Serbia
- Arms imports 153.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 23.23 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0017 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.48 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 153.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 352.67 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0258 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 29.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.32 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 4,983 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Serbia?
- Taxes on income, profits and capital gains in Serbia was 17.6% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Serbia?
- The highest recorded value was 17.6% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Serbia?
- The lowest recorded value was 7.6% in 2012.
- How does Serbia rank for taxes on income, profits and capital gains?
- Serbia ranks 110th out of 153 countries with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in Serbia?
- Over the last ten years it is up 131.8%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.