Article
Announcements of changes affecting the salary calculation from January 1, 2023
NEW CONTRIBUTION BASES - LOWEST AND HIGHEST CONTRIBUTION BASES FOR 2023
We hereby inform you that in the "Official Gazette of RS", no. 130/22, the information on the average salary in the Republic of Serbia for the period from October 2021 to September 2022 was published.
This information is used to determine the highest and lowest monthly base for calculating and paying contributions for mandatory social insurance in 2023.
The average salary in the Republic of Serbia for the period October 2021 - September 2022 is 100,072.00 dinars.
Based on the published data, new contribution bases that will be valid from January 1 to December 31, 2023 can be calculated:
The lowest contribution base for 2023 amounts to - 35,025 dinars.
The highest contribution base for 2023 amounts to - 500,360 dinars.
NEW UNTAXABLE AMOUNT FOR SALARIES AND DECREASE OF PENSION CONTRIBUTION RATE ON EMPLOYER CHARGE FROM 2023
The new untaxable salary amount will be 21,712 dinars, instead of the current 19,300 dinars.
The PENSION contribution rate at the expense of the employer will be reduced by 1%:
- from 11% to 10%.
Other contribution rates at the expense of the employer and employee will be unchanged.
Mentioned legislation changes of the contribution rate will be applicable on the other physical income taxation (service contract, temporary employment, authorship contract etc).
Implementation of the proposed changes is expected from January 1, 2023, and will be confirmed in the "Official Gazette of RS" by the end of this year.