Serbia’s Minimum Wage (2025) December 15, 2024 The minimum wage in Serbia is RSD 308.00 per hour, effective between 1 January and 31 December 2025. Minimum Wage in Serbia How is Minimum Wage Determined In accordance with the Labour Act, the minimum wage in Serbia is determined through negotiations between the Government of Serbia, trade unions, and employers’ organizations. If no agreement is reached, the Government has the authority to set the wage unilaterally. The minimum wage is calculated as a net amount per hour and is set annually by September for the following year. During a meeting of the Social and Economic Council, which includes representatives from the government, labor unions, and the Serbian Association of Employers, it was decided that the hourly net minimum wage in Serbia will rise to 308 dinars per hour, effective from 1 January 2025. Example of Minimum Wage Calculation for 2025 (for a Monday-to-Friday Employee) Given that not all months have an equal number of workdays, the monthly minimum wage for 2025 is calculated based on the specific number of working days (Monday to Friday) in each month. The working days are determined by excluding weekends (Saturdays and Sundays) and public holidays. MonthWorkdaysNon-Working Public HolidaysNet Salary (Dinars)Gross Salary (Dinars)January23New Year’s Day – 1 January New Year’s Day – 2 JanuaryOrthodox Christmas – 7 January56,672.0077,278.00February20Serbian Statehood Day – 15 February Serbian Statehood Day – 16 February Serbian Statehood Day – 17 February49,280.0066,733.00March21 51,744.0070,248.00April22Orthodox Easter Holidays – 18 AprilOrthodox Easter Holidays – 19 AprilOrthodox Easter Holidays – 20 AprilOrthodox Easter Holidays – 21 April54,208.0073,763.00May22Labour Day – 1 MayLabour Day – 2 May54,208.0073,763.00June21 51,744.0070,248.00July23 56,672.0077,278.00August21 51,744.0070,248.00September22 54,208.0073,763.00October23 56,672.0077,278.00November20Armistice Day – 11 November49,280.0066,733.00December23 56,672.0077,278.00 The above table holds true provided no changes are made to the legislation governing taxes, duties, health and social insurance, or the wages themselves. Additionally, from 1 January 2025, the non-taxable amount of salary has increased from RSD 25,000 to RSD 28,423.00. Last, but not least, as per the Regulation on determining the criteria for the allocation of incentives for attracting direct investments in the Republic of Serbia (“Official Gazette RS”, no. 1/2019) the amount of basic salary for the employees/persons engaged for work on the investment project for which the incentives were granted must be at least 20% higher than the minimum salary. In view of this, companies that were granted incentives prior to rendering the Decision on increase of minimum salary are now obliged to harmonize their business operation with the new Decision and their investment obligations. If you would like to know more about investments in Serbia, please contact us.