Taxes on income, profits and capital gains in Serbia
Serbia: Taxes on income, profits and capital gains was 28.8% 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 total taxes.
Analysis
Serbia recorded 28.8% for taxes on income, profits and capital gains in 2022. That is the highest value across all 16 years on record.
The figure is up 13.6% on the previous year and up 113.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Serbia peaked at 28.8% in 2022 and was at its lowest, 13.5%, in 2012.
Serbia ranks 115th of 153 countries on this measure, in the bottom quarter.
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 total taxes | Change |
|---|---|---|
| 2007 | 16.7% | — |
| 2008 | 17.8% | +6.5% |
| 2009 | 16.5% | -7.4% |
| 2010 | 16.0% | -3.2% |
| 2011 | 15.2% | -5.0% |
| 2012 | 13.5% | -11.3% |
| 2013 | 25.1% | +86.5% |
| 2014 | 25.1% | -0.1% |
| 2015 | 24.0% | -4.5% |
| 2016 | 24.3% | +1.5% |
| 2017 | 26.2% | +7.7% |
| 2018 | 26.1% | -0.2% |
| 2019 | 26.3% | +0.8% |
| 2020 | 25.3% | -3.9% |
| 2021 | 25.3% | +0.0% |
| 2022 | 28.8% | +13.6% |
Serbia compared with similar countries
- Serbia's 28.8% is below the median for upper middle income countries, which is 37.1%, 77% of the median. (48 countries reporting)
- Serbia's 28.8% is below the median for Europe & Central Asia, which is 39.4%, 73% 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 | +86.5% | 13.5% | 25.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.0% | 16.5% | 17.8% | 3 |
| 2010s | 22.2% | 13.5% | 26.3% | 10 |
| 2020s | 26.5% | 25.3% | 28.8% | 3 |
Countries ranked near Serbia
- 112 Ecuador 29.2% compare
- 113 North Macedonia 28.8% compare
- 114 Cote d'Ivoire 28.8% compare
- 116 Jordan 28.5% compare
- 117 Belize 27.9% compare
- 118 Saint Vincent and the Grenadines 27.8% compare
More public sector data for Serbia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Serbia?
- Taxes on income, profits and capital gains in Serbia was 28.8% 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 28.8% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Serbia?
- The lowest recorded value was 13.5% in 2012.
- How does Serbia rank for taxes on income, profits and capital gains?
- Serbia ranks 115th 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 113.5%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.