DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on June 15, 2016.
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 125.00 RSD
3 A standard deduction of 25% from the gross income is given to cover income- generating expenses. However, a taxpayer can opt to deduct actually incurred expenses instead of availing the standard deduction,
4 Rental income of nonresident foreigners is taxed at a flat rate of 20%.