The amounts of the lowest and highest contribution bases for 2023 were determined based on the published data on the average salary in Serbia paid for the period from October 2021 to September 2022 (“Official Gazette of the RS”, number 130 of November 25 2022).
The lowest and highest basis
The lowest basis for the calculation of contributions for mandatory social insurance is 35,025 dinars, while the highest determining basis for the year 2023 is 500,360 dinars.
The highest monthly contribution base is five times the average monthly salary paid in the previous 12 months, starting from September of the current year. The lowest basis for calculating contributions is 35% of the average salary determined in the above manner.
A new calculation
The new basis for calculating contributions is valid from January 1 to December 31, 2023.
