Legal entities and entrepreneurs are required to submit their 2024 property tax returns using the electronic PPI-1 form no later than April 1, 2024, via the online platform www.lpa.gov.rs.

Property tax liability applies to all individuals and legal entities that hold rights to real estate in Serbia, including:

• Ownership rights,

• Right of residence,

• Lease rights for residential buildings or apartments for a period longer than one year or for an indefinite period,

• Lease rights over publicly owned construction land.

Both residents and non-residents, whether individuals or legal entities, are subject to property tax for immovable property located in Serbia.

Who Must File and When?

• Legal entities and entrepreneurs are required to submit the PPI-1 property tax return annually by March 31.

• The same deadline applies to individual VAT payers (e.g., landlords, developers), who are taxed as self-employed individuals and maintain business accounting records.

No Regulatory Changes, But Local Adjustments in Belgrade

There were no changes in the property tax regulations compared to 2023.

However, in the City of Belgrade, the method of property tax calculation will differ for many taxpayers in 2024.

The reason is that the city administration failed to publish the Decision on Average Price per Square Meter by November 30, 2023.
As a result, taxpayers who would typically calculate the tax base by multiplying property size by the average price per square meter must, for 2024, instead use the book value of the property as recorded in their accounting books as of December 31, 2023.