18 Countries with the Lowest Individual Tax Rates in the World

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15. Serbia

The taxation rate in Serbia that ranks 15th in our list of countries with the lowest individual tax rates in the world depends on the income level. So, if your income exceeds the threshold (between three and six times the average annual salary which is around 400$), the tax rate is 10%. However, if the income exceeds six times the annual average wage, then the rate is bigger (15%). Non-residents of Serbia are taxed based on their Serbian-sourced income related to their work in or for the Republic of Serbia. They also have the annual tax which represents an additional tax.

18 Countries with the Lowest Individual Tax Rates in the World

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