TAXATION OF ATHLETES' INCOME IN THE REPUBLIC OF SERBIA

One of the most important aspects of any society is sport. Athletes are the greatest promoters and ambassadors of their country. Many of our athletes, both in individual and team competitions, promote the Republic of Serbia in the best possible way. The subject of this paper is the taxation of athletes' income in the Republic of Serbia. Athletes are subject to the appropriate taxes and contributions on their earnings and other income, in accordance with the law. Through this paper, I will aim to highlight the importance of taxing athletes' income in the Republic of Serbia, the legal basis for such taxation, as well as its alignment with European standards. For the purpose of the topic "Taxation of Athletes' Income in the Republic of Serbia," I will focus on amateur and professional athletes, the modalities of their employment, and the tax treatment of their income. The taxation of athletes' income depends on the modality of their engagement, the type of compensation, and the manner of its payment.