Minimum Wage in Serbia for the Year 2023

The Government of the Republic of Serbia adopted the Decision on the amount of the minimum wage for the period January-December 2023, by which the minimum wage in Serbia was increased from net 201.22 RSD per working hour to net 230 RSD in 2023.

The minimum net monthly wage varies depending on the number of working hours in the respective month and for the current year, it is from 32.195,20RSD to 37.024,48 RSD, while for the next year it will be from 36.800,00 to 42.320,00RSD, which represents an increase of 14.3%.

Minister of Finance announced that from January 1, 2023, there will be an increase in the non-taxable amount of income from 19,300 RSD to 21,712 RSD, in order to reduce the tax burden on employers and to avoid the dismissal of employees in Serbia due to the increase in the minimum wage.

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