Serbia: Income and profits taxes

* indicates monthly or quarterly data series
 Serbia

Income, profits, and capital gains taxes: percent of revenue

 Latest value 14.28
 Year 2021
 Measure percent
 Data availability 2007 - 2021
 Average 12.37
 Min - Max 7.6 - 15.4
 Source The World Bank
For that indicator, we provide data for Serbia from 2007 to 2021. The average value for Serbia during that period was 12.37 percent with a minimum of 7.6 percent in 2012 and a maximum of 15.4 percent in 2017. The latest value from 2021 is 14.28 percent. For comparison, the world average in 2021 based on 103 countries is 25.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Serbia - Income and profits taxes - recent values

Historical chart
Serbia - Income and profits taxes - historical chart - 2007-2021




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 16.18 2022 percent
 Government spending, in dollars 10.29 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.10 2022 percent
 Government debt 52.70 2023 percent
 Government expenditure 318.01 Q3/2023 billion
 Tax revenue 20.61 2021 percent
 Commercial tax rate 36.60 2019 percent
 Tax preparation time 226 2019 hours
 Number of taxes 33 2019 taxes
 Taxes on goods and services 39.84 2021 percent
 Taxes on international trade 2.26 2021 percent
 Income and profits taxes 14.28 2021 percent
 Foreign aid 533.07 2021 million U.S. dollars
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