income tax

Exploring tax advantages for investing in alternative investment funds

All Serbian citizens earning over 4.27 million dinars in 2023 must file and pay their annual income tax by May 15. However, those who strategically allocated a portion of their earnings into one of Serbia's existing alternative investment funds in the previous year could have potentially halved their tax burden, significantly reducing their tax liabilities. This tax-saving strategy is entirely legal, leveraging a statutory tax relief provision. Even if the investment was made in December and withdrawn in January, shortly…