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Nicaragua vs Serbia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua
vs
๐Ÿ‡ท๐Ÿ‡ธ Serbia
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“30%
30% top; economic stability fragile
No change
10โ€“20%
Stable; EU accession timeline affecting reform pace
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
IVA 15% maintained
No change
10โ€“20%
Standard 20% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30% IR maintained
No change
15%
15% competitive; Pillar Two for MNCs
No change
Capital Gains Tax
Capital Gains Tax
15%
15% CGT
No change
15%
15% flat
No change
Social Security & Payroll
Social Security / Payroll
~25.25%
INSS reform pending
No change
~37.8%
Reform pending; pension system under pressure
No change
State, Regional & Local Taxes

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua โ€” Municipal Taxes

Nicaragua's 153 municipalities levy the Impuesto de Matrรญcula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.

๐Ÿ‡ท๐Ÿ‡ธ Serbia โ€” Municipal & City Taxes

Serbia's 145 local self-government units (cities and municipalities) levy local communal taxes including sign/advertisement tax, local utilities contribution, and vehicle fees. Property tax (porez na imovinu) is locally set at 0.1%โ€“0.4% for citizens. Belgrade has higher property tax values than other cities. Corporate income tax is national at 15%. Serbia has EU candidate status and is aligning tax legislation with EU standards. The flat 15% corporate rate and low income tax rates make it competitive in the region.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Nicaragua vs Serbia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua has a higher top income tax rate (0โ€“30% vs 10โ€“20%). ๐Ÿ‡ท๐Ÿ‡ธ Serbia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Serbia has a higher consumption tax (15% vs 10โ€“20%).

๐Ÿข Corporate Tax: ๐Ÿ‡ท๐Ÿ‡ธ Serbia offers a lower corporate rate (15% vs 30%), which can influence business location decisions.

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