MEMBERS / PENSION CONTRIBUTION TAX TREATMENT
Pension contributions up to 5,214 RSD deducted and paid from the salary of an employee - voluntary pension fund member, are exempt from payment of income tax.
The fund member pays capital gains tax for withdrawn accumulated funds (lump-sum, scheduled payment, or combination thereof). Tax is calculated based on the difference between the level of accumulated funds and the sum of paid net pension contributions.
Withdrawal of accumulated funds in order to buy annuity in an insurance company is exempt from capital gains tax.
Pension contributions up to 5,214 RSD deducted and paid from the salary of an employee - voluntary pension fund member, are exempt from payment of income tax.
The fund member pays capital gains tax for withdrawn accumulated funds (lump-sum, scheduled payment, or combination thereof). Tax is calculated based on the difference between the level of accumulated funds and the sum of paid net pension contributions.
Withdrawal of accumulated funds in order to buy annuity in an insurance company is exempt from capital gains tax.
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