Serbia capital gains tax calculator
Serbia taxes an individual’s capital gains at a flat 15%, and it revalues the acquisition cost by the consumer price index before working out the gain. A holding owned for at least ten years is excluded, transfers between close family are excluded, and losses carry forward five years.
Work out the tax on a share, fund, digital-asset, IP or property disposal from your dates and costs. Enter sales by hand or import your exchange CSVs, and the calculator applies the flat rate, the ten-year exclusion, the 90-day reinvestment elections and the RZS revaluation you supply, splitting multi-parcel sales under FIFO and showing the arithmetic behind the final figure. Everything stays in your browser.
Rates current as of 2026-09-19, from the Tax Administration’s English translation of the Law on Personal Income Tax and the sources each record cites.
Current rules
The rates behind the number
The Serbian capital-gains rate and reliefs by year
| Tax year | Capital-gains rate | Ten-year holding | Acquisition cost | 90-day reinvestment |
|---|---|---|---|---|
| 2021 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2022 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2023 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2024 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2025 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2026 | 15% | Excluded | Revalued by the RZS CPI | Housing exempt; digital assets 50% of the tax |
| 2027 (planning) | 15% | Excluded | Revalued by the RZS CPI | No 2027 change; current rules carried forward |
Rules, exemptions and edges
| Rule | Value |
|---|---|
| Capital gains on shares, funds, stakes, digital assets, property and IP rights | 15% of the gain (article 77) |
| Acquisition cost | Increased by the annual consumer price index from acquisition to transfer (article 74(15)); the calculator takes the revalued figure from each sale row because no index series is stored |
| Held continuously for at least ten years | Excluded from capital gain (article 72a(1)(5)); the tenth-anniversary sale is inside the exclusion, the day before is not. Digital assets are not within it |
| First-line inheritance, spouse and direct-line transfers, divorce transfers | Excluded from capital gain (article 72a(1)(1) to (3)) |
| Republic, provincial, local-government and NBS debt securities | Excluded (article 72a(1)(4)) |
| Real estate: funds reinvested in housing within 90 days | Gain exempt (article 79(1)); within 12 months the tax paid is refunded (article 79(2)) |
| Digital assets: funds reinvested within 90 days into a resident company or Serbian fund | 50% of the capital gains tax exempt (article 79a(1)); within 12 months 50% of the tax paid is refunded (article 79a(2)) |
| Partial reinvestment | The exemption is reduced proportionally (article 80) |
| Capital losses | Offset gains on other rights, shares or securities; the excess carries over five years including the loss year, against capital gains only (article 78) |
| Property transfer tax | A separate 2.5% of the market value of the property, assessed by the Tax Administration, alongside any capital gains tax |
| Ordinary movable valuables (cars, art, jewellery) | Outside the article 72 capital-gains chapter; this calculator charges nothing on them |
| Filing clocks | 30 days from the transfer (property, company interests, IP); 30 days after each half-year (securities, investment units); 120 days after the quarter (digital assets): article 95 |
Tables are rendered from the source records as of 2026-09-19; each links back to the authority page above. The acquisition cost revaluation uses the RZS consumer price index, which the calculator takes from the sale row rather than stores: no index series ships with the records.
Questions
Serbia capital gains questions
How much is capital gains tax in Serbia?
Individuals pay a flat 15% on the capital gain: the difference between the sale price and the acquisition price of shares, stakes, securities, investment units, digital assets, real estate or IP rights (articles 72 and 77 of the Law on Personal Income Tax). The tax is schedular, it does not join the annual personal income tax scale, and no annual allowance reduces it.
Does Serbia adjust the purchase price for inflation?
Yes. Article 74(15) increases the acquisition cost by the annual consumer price index from the date of acquisition to the date of transfer, on the data of the Republic Statistical Office (RZS). Because the consumer price index series is not part of the tax records this calculator reads, it asks you to enter the revalued acquisition cost on each sale row rather than guess an index.
Is my home exempt from capital gains tax in Serbia?
There is no automatic principal-residence exemption. The gain is excluded if you owned the property continuously for at least ten years (article 72a(1)(5)), and it is exempt if you invest the sale proceeds within 90 days in solving your own, your family's or your household's housing issue in Serbia (article 79(1)). Investing within 12 months instead refunds the tax already paid.
How long do capital losses carry forward in Serbia?
A capital loss on one right, share or security offsets capital gains on another in the same year. What remains carries over the next five years, including the year the loss arose, and only against future capital gains: losses never offset salary or other income (article 78).
What is the capital gains tax rate in Serbia?
Rate: article 77 of the Law on Personal Income Tax is one sentence, "The tax rate on capital gains is 15%." Capital gains are a schedular tax under Heading Seven of the law, separate from the annual personal income tax of articles 87 to 89 (which does not list capital gains among its taxable incomes), so the calculator never runs a gain through the income scale. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
How is a Serbian capital gain worked out?
Base: article 72 defines capital gain or loss as the difference between the selling price of rights, shares and securities and their acquisition price, realised through the transfer of: real rights on real estate; copyright and related rights and industrial property rights; shares in the capital of legal entities, stocks and other securities; investment units other than voluntary pension-fund units; alternative investment fund units; and digital assets. Article 73: the sale price is the contracted price or the market price determined by the Tax Administration, taken excluding the tax on the transfer of absolute rights. Article 74(1): the acquisition cost is the price at which the taxpayer acquired the right, share or security. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Does Serbia revalue the acquisition cost for inflation?
Cost-base revaluation: article 74(15) provides that "the acquisition cost from paragraph 1 of this Article is increased by the annual consumer price index from the date of acquisition to the date of transfer, according to the data of the republic authority responsible for statistics" (the Statistical Office of the Republic of Serbia, RZS). Article 74(16) revalues self-built real estate from 1 January of the year after each investment, and article 74(17) revalues capital-market securities whose acquisition price is the lowest recorded price. The /data record schema has no field for the annual index series, so the calculator does not invent one: each sale row takes the revalued acquisition cost from the user, and the gap is stated in the calculator copy, the engine constants and the export. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Is a ten-year holding exempt from Serbian capital gains tax?
Ten-year holding exclusion: article 72a(1)(5) excludes from capital gain the transfer of rights, shares or securities the taxpayer owned continuously for at least ten years before the transfer. "At least ten years" is inclusive, so a sale on the tenth anniversary of acquisition is excluded; a sale the day before is not. Digital assets were added to article 72 as a distinct item (article 72(1)(6)) and article 72a does not name them, so the ten-year exclusion is applied to shares, funds, unlisted stakes, real estate and IP rights, not to digital assets. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Are family transfers and inheritance exempt in Serbia?
Relationship and inheritance exclusions: article 72a(1)(1) to (3) and (6) exclude transfers acquired by first-line inheritance, transfers between spouses and blood relatives in the direct line, transfers between divorced spouses directly connected with the divorce, and share-for-share swaps in a status change under the law governing commercial companies. These are relationship tests, not monetary thresholds. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Are Serbian government securities exempt?
Government debt securities: article 72a(1)(4) excludes the transfer of debt securities issued by the Republic of Serbia, an autonomous province, a local government unit or the National Bank of Serbia. The calculator does not model a per-sale election for this class; the record notes it and the page copy warns holders to check it. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
How do capital losses carry forward in Serbia?
Losses: article 78(1) allows a capital loss incurred on the sale of one right, share or security to be offset against capital gains made on the sale of another right, share or security; article 78(3) allows any remaining loss to be offset over the next five years against future capital gains, "which includes the year in which the original capital loss was incurred". The chapter frames every item in article 72 as a right, share or security (real estate is a real right, digital assets were added to the same list), so the calculator nets one capital pool and carries the excess five years; losses never offset salary or other income. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Does reinvesting in housing exempt the Serbian capital gains tax?
Real-estate reinvestment relief: article 79(1) exempts a taxpayer who invests funds from the sale of real estate within 90 days of the sale in solving their own, their family's or their household's housing issue in Serbia from the tax on the realised capital gain. Article 79(2) refunds the tax paid where the funds are invested within 12 months. Article 80 reduces the liability proportionally where only part of the funds is reinvested. The calculator models the 90-day election as a per-sale control; the 12-month refund does not change the tax due and is copy only. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Is there a relief for reinvesting digital-asset proceeds in Serbia?
Digital-asset reinvestment relief: article 79a(1) exempts a taxpayer who invests funds from the sale of digital assets within 90 days of the sale into the share capital of an economic operator resident in Serbia (under the corporate income tax law) or into the capital of an investment fund established in Serbia and centred there from 50% of the capital gains tax. Article 79a(2) refunds 50% of the tax paid where the funds are invested within 12 months. Article 79a(3) withdraws the exemption, with a 30-day notification duty, where the recipient reduces its share capital in the calendar year of the investment or the following two years. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
When is a Serbian capital-gains return due?
Filing deadlines: article 95(1)(1) requires a return within 30 days of the day the transfer of real-property rights, copyright and related rights, industrial property rights, or shares in the capital of legal entities was executed or began to be executed; article 95(1)(2) requires the return for securities and investment units within 30 days from the end of the calendar half-year in which the transfer was made. Article 95(2) requires a digital-asset return within 120 days from the end of the quarter in which the income arose. Article 95(3) sets a 120-day deadline from the sale where an article 79(1) or 79a(1) exemption is claimed. Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Is there an annual capital-gains allowance in Serbia?
No annual allowance: the capital-gains chapter contains no monetary annual exemption or indexed threshold. The reliefs are the holding-period and relationship exclusions of article 72a, the two reinvestment reliefs of articles 79 and 79a, and the article 79b exemption for bringing copyright, related and industrial property rights into a Serbian company as a non-monetary contribution (not modelled by the calculator). Source: https://www.purs.gov.rs/upload/media/2025/11/24/760462/Law_on_personal_income_tax.pdf
Has the Serbian capital-gains regime changed by year?
No amending act changing the capital-gains rate or articles 72a, 78, 79 or 79a for tax year 2026 was located at capture (2026-09-19); the consolidated law text carries the 15% rate of article 77 and the rules in these notes.