Starting January 1, 2025, the new minimum labor price, excluding taxes and mandatory social insurance contributions, will be 308 dinars (net) per working hour, as announced by the Union of Serbian Employers.
The Social and Economic Council of the Republic of Serbia approved the decision to increase the minimum wage from 271 to 308 dinars per hour.
With these changes, the net monthly minimum wage will vary depending on the number of hours worked:
- For 160 working hours: 49,280 dinars
- For 168 working hours: 51,744 dinars
- For 176 working hours: 54,208 dinars
- For 184 working hours: 56,672 dinars
Considering the new tax exemption of 28,423 dinars, the gross minimum wage starting January 1, 2025, will be:
- For 160 working hours: 66,244.93 dinars
- For 168 working hours: 69,759.91 dinars
- For 176 working hours: 73,274.90 dinars
- For 184 working hours: 76,789.87 dinars
The Union of Employers reminds that employers are required to prepare annexes to the employment contracts for employees receiving the minimum wage.
This obligation arises from the Labor Law, which mandates that when there is a salary change, the employer must offer an amendment to the working conditions, in the form of an annex to the employment contract. The employer must also provide written notice explaining the reasons for the amendment, the deadlines for the employee’s response, and the legal consequences if the offer is rejected.
Additionally, during negotiations last year, a decision was made to increase the non-taxable portion of the salary from 25,000 to 28,423 dinars.
