excise taxes

Serbia plans €3.8 billion in excise revenues for 2026 led by fuel taxes amid NIS sanctions uncertainty

According to Serbia’s 2026 draft state budget, the government expects to collect over €3 billion in excise tax revenues, with fuel excise duties making up the largest share, despite ongoing uncertainty surrounding the Naftna Industrija Srbije (NIS), which has recently come under U.S. sanctions. The total planned excise revenue amounts to 453.3 billion dinars (€3.8 billion), or about 19% of all projected tax revenues for next year. Breakdown of excise revenues The excise tax on electricity, set at 7.5% of…