Serbia vs Cyprus
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ท๐ธ 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%โ0.4% 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.
๐จ๐พ Cyprus โ Municipal & Community Taxes
Cyprus's 5 districts and 30+ municipalities/communities levy local taxes including immovable property tax (at municipal level after national IPT was abolished in 2017), refuse collection fees, and business licences. Nicosia and Limassol have the highest municipal charges. Cyprus is a major international financial centre offering non-dom status (no tax on dividends/interest for non-domiciled residents for 17 years), which attracts wealthy individuals. The IP Box regime offers 2.5% effective tax on qualifying IP income.
Serbia vs Cyprus: Key Tax Differences (2026)
๐ฐ Income Tax: ๐จ๐พ Cyprus has a higher top income tax rate (10โ20% vs 0โ35%). ๐ท๐ธ Serbia is more favourable for high earners.
๐ VAT/Sales Tax: Serbia has a higher consumption tax (10โ20% vs 5โ19%).
๐ข Corporate Tax: ๐จ๐พ Cyprus offers a lower corporate rate (12.5% vs 15%), which can influence business location decisions.
๐ Capital Gains: ๐ท๐ธ Serbia taxes investment gains at a lower rate (15% vs 20%), benefiting investors.