The minimum monthly net salary amount per working hour will total as described below:
| for months with 160 working hours | RSD 43,360 |
| for months with 168 working hours | RSD 45,528 |
| for months with 176 working hours | RSD 47,696 |
| for months with 184 working hours | RSD 49,864 |
Additionally, a tax relief of RSD 25,000 was suggested to replace the 2023 tax relief amounting to RSD 21,712. If adopted, the monthly gross salary amount would total:
| Gross I amount | Gross II amount | |
| for months with 160 working hours | RSD 58,288 | RSD 67,119 |
| for months with 168 working hours | RSD 61,381 | RSD 70,680 |
| for months with 176 working hours | RSD 64,474 | RSD 74,241 |
| for months with 184 working hours | RSD 67,566 | RSD 77,803 |
As a reminder, the minimum gross salary for the year 2023 totals:
| Gross I amount | Gross II amount | |
| for months with 160 working hours | RSD 49,399 | RSD 56,883 |
| for months with 168 working hours | RSD 52,024 | RSD 59,906 |
| for months with 176 working hours | RSD 54,649 | RSD 62,928 |
| for months with 184 working hours | RSD 57,274 | RSD 65,951 |
This increases the expense employers pay to the Government for their employees registered on minimum salary – the gross II amount e.g. the total expense for employers will increase as follows:
| for months with 160 working hours | RSD 10,236 |
| for months with 168 working hours | RSD 10,774 |
| for months with 176 working hours | RSD 11,313 |
| for months with 184 working hours | RSD 11,852 |
The total expense for employers on a yearly (12 months) basis shall depend on the number of working hours per each of the months (bearing in mind the duration of the month, public holidays etc.). However, the increase should be estimated at around EUR 1100 per employee engaged for a whole year.
In conclusion, we shall emphasize that the expense for tax and contributions for foreign citizens employed as companies’ directors in the Republic of Serbia (engaged via employment agreement or agreement on rights and duties) who do not receive any salary, shall also be increased due to the minimum salary increase as the tax base itself increases as well. When salary is subtracted from the equation, the expense for foreign citizen directors who do not receive salary to the employer is calculated as follows:
Gross II amount – net minimum salary amount = total expense to the employer
| for months with 160 working hours | RSD 23,759 |
| for months with 168 working hours | RSD 25,152 |
| for months with 176 working hours | RSD 26,545 |
| for months with 184 working hours | RSD 27,939 |