"Turnover of payment and other financial services is VAT-exempt pursuant to Article 25, paragraph 1, item 5 and 6 of the Law on Value Added Tax (“Official Gazette of the RS”, No. 84/04, 86/04-corr., 61/05, 61/07, 93/12, 108/13, 6/14 - adjusted RSD amounts, 68/14 - other law, 142/14, 5/15 - adjusted RSD amounts, 83/15, 5/16 - adjusted RSD amounts, 108/16, 7/17 - adjusted RSD amounts, 113/17, 13/18 - adjusted RSD amounts, 30/18, 4/19 - adjusted RSD amounts, 72/19 i 8/20 - adjusted RSD amounts)."

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Note added at 9 hrs (2022-05-30 05:34:37 GMT)
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"In accordance with Article 12a of Personal Income Tax Law, non-taxable amounts in Serbian currency (RSD) for purposes of personal income tax are being adjusted for annual consumer price index in the year preceding the year for which the alignment is done, based on data of the authority responsible for statistics."

https://www2.deloitte.com/rs/en/pages/tax/articles/tax-alert...