Taxes on new hires down by 70 percent
As of Monday, taxes which the employers in Serbia pay on the salaries of new hires will be reduced by 70 percent compared to long-term employees.
Monday, 23.05.2011.
11:10
As of Monday, taxes which the employers in Serbia pay on the salaries of new hires will be reduced by 70 percent compared to long-term employees. At the same time, no pension contributions will be paid for such workers by their employers. Taxes on new hires down by 70 percent According to the Serbian government's regulation on employment incentives adopted on May 12, the employers will not pay taxes on salaries for workers older than 45 years and younger than 30, while for the rest of the newly employed tax relief will be only partial. In future, employers will not pay taxes on salaries of vulnerable employees, whereas in case of other categories of workers the taxes will be reduced by 30 percent.
Taxes on new hires down by 70 percent
According to the Serbian government's regulation on employment incentives adopted on May 12, the employers will not pay taxes on salaries for workers older than 45 years and younger than 30, while for the rest of the newly employed tax relief will be only partial.In future, employers will not pay taxes on salaries of vulnerable employees, whereas in case of other categories of workers the taxes will be reduced by 30 percent.
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