The place of personal income tax in the structure of Serbian tax system

The personal income tax (the personal income tax of citizens in the Serbian tax system) makes the group of 'standard' taxes which is mainly encountered in the tax structure of most countries (among corporate tax, consumption taxes and property tax). Personal income tax has a special place in the tax systems of modern states and the importance of income taxation can be seen not only in significantly large financial abundance, but also in the broad possibilities to be used as a convenient means for achieving non-fiscal goals of taxation. In the total revenues of the Republic of Serbia in 2015 participates with 4.7%. In our country with this tax is collected much less tax revenue than in developed countries. The reason for this should be sought in low-income and low number of employees. The aim of this paper is the analysis of the basic elements of this tax form in the Republic of Serbia, its yield, role and place in Serbian tax system.