Question: Who pays tax on income from real estate rental?
Answer: First and foremost, the answer to this question depends on who the TENANT is, i.e., the entity that takes possession of the real estate and will use the rented property. If the tenant is a LEGAL ENTITY, A NATURAL PERSON SUBJECT TO VAT, AN ENTREPRENEUR, A BRANCH, A REPRESENTATIVE OFFICE OF A FOREIGN LEGAL ENTITY, OR ANOTHER LEGAL ENTITY, the tax on real estate income (rental tax) is borne by the TENANT. If the tenant is a NATURAL PERSON, A FOREIGN EMBASSY, OR A FOREIGN INDIVIDUAL, the tax on real estate income (rental tax) is borne by the LANDLORD, i.e., the natural person.
Question: Who is the taxpayer for rental income earned by a non-resident individual from a resident legal entity for leasing real estate in Serbia?
Answer: A non-resident natural person of the Republic of Serbia who earns income from renting out real estate located within the territory of the Republic of Serbia is subject to personal income tax on real estate income. All property owners who generate rental income are required to report this income and pay taxes in accordance with applicable laws. Definition: The tax on real estate rental income is a tax levied on the income that property owners earn from renting out their real estate. Who Pays: The tax is paid by the property owner who earns rental income. Tax Rate: General Rate: 20% on gross rental income.
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