• Management Company
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    • Nataša Marjanović
    • Dragan Filipović
    • Branko Pavlović
    • Mladen Ostojić
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Tax Treatment

Voluntary pension fund is not a legal entity therefore is not a taxpayer subject to income tax and value added tax payment.

Contribution Payment Tax Treatment

Pension contribution made by the employer/organizer of the pension scheme into voluntary pension fund is exempted from citizen income tax and contributions for the compulsory social insurance for amounts up to 3,894.00 RSD per month/per employee.

Pension contribution withhold and paid by the employer from the salary of the employee (Fund Member) on the basis of salary withholding order is exempted from citizen income tax for amounts up to 3,894.00 RSD per month/per employee

Note: any Fund Member may use both tax breaks (up to 3,894.00 RSD paid by the employer itself and up to 3,894.00 RSD withhold and paid by the employer from the salary of the employee (Fund Member) – salary withholding order).

The capital gain implies the margin between the accumulated assets withdrawn in one-off payment and scheduled payment and the paid pension contributions. Capital gain tax rate is 10%.

The transfer of the account from the present to another voluntary pension fund, made by the Fund as per order of the Fund Member, is not deemed capital gain. The withdrawal of accumulated assets on the basis of the Member’s share in the Fund’s net assets to be invested as per order and for the account of the Fund Member in the purchase of annuities in an insurance company is exempted from the capital gain tax.