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If you are interested in hiring a remote team in Serbia, or even just individual remote employees in Serbia, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Serbia payroll solutions. As a Serbia payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Serbia. We are confident Rivermate’s payroll solutions Serbia will help you grow as a business—because now, you won’t have to worry about your payroll solutions Serbia. We take care of everything payroll!
With Rivermate, you can run Serbia payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Serbia payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Serbia's social security system includes pensions and disability insurance, as well as health and unemployment insurance. Employees and employers make varying contributions to all three areas:
1. Pension and disability contributions: Employees contribute 14%, with employers contributing 11.5%.
2. Health insurance: 5.15% is contributed by both employers and employees.
3. Unemployment insurance: Employees pay 0.75%.
As part of your Serbia payroll, you must withhold all employees' income taxes. Residents of Serbia should be taxed on their worldwide income, whereas non-residents should be taxed only on their income earned in Serbia. Individuals earning up to RSD 457,012,800 are subject to a 10% personal income tax. Employees earning more than that amount are charged an additional 15%.
Companies that wish to expand their operations globally have four different payroll options in Serbia. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Serbia. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Serbia payroll outsourcing: Outsourcing your payroll to an Employer of Record in Serbia, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Serbia can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Serbia have different ways of managing payroll. However, most of the options you have for running payroll in Serbia are either expensive or require establishing a subsidiary in Serbia. The cheapest, most efficient, and most reliable payroll processing system in Serbia is by outsourcing payroll to Employers of Record (EOR) in Serbia. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Serbia. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Serbia. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Serbia.
Employers must provide a written explanation and at least eight days' notice if the termination is for cause. The explanation must include the cause for dismissal, supporting documentation, and a chance for the employee to react. Failure to follow the procedure may result in the dismissal being declared invalid by a court.
Serbia's hourly minimum wage is 183.93 Serbian dinars (RSD) as of 2021.
In Serbia, the standard work week is 40 hours spread over five days and cannot be less than 36 hours per week. Workers in particularly difficult or dangerous jobs may have their hours reduced to 30 per week, even after appropriate safety measures are implemented. Employees may be required to work overtime only in exceptional circumstances.
Serbia has a universal healthcare system. There is the option of purchasing private health insurance.
Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits.
