Kosovo Tax Tables 2024 - Tax Rates and Thresholds in Kosovo

This page contains the tax table information used for the calculation of tax and payroll deductions in Kosovo in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ XK, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Kosovo or would like to add to or suggest amendments to the information herein then please contact us.

Kosovo Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Kosovo are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Kosovo Tax Calculator 2024.

In Kosovo, social security deductions made by employees are considered deductible expenses when calculating taxable income. This means that the amounts contributed towards social security by employees can be subtracted from their gross income before income tax is applied. This provision helps to lower the taxable income of individuals, thereby reducing their overall income tax liability and ensuring that the net effect of social security contributions does not unduly burden the taxpayer.

Kosovo Social Security and Payroll Deduction Rates in 2024

In Kosovo, both employees and employers contribute to social security and payroll deductions as mandated by law. These contributions fund a variety of social security programs intended to provide financial protection and support to workers, their families, and the broader community in times of need. The system is designed to cover risks associated with old age, disability, health, and unemployment.

Pension and Disability Insurance

This is a fundamental component of Kosovo's social security system, aimed at providing income support to individuals during retirement or in the event of disability. Contributions to the pension and disability insurance fund help secure a financial safety net for workers, ensuring they have access to necessary funds in later life or if they become unable to work due to disability. This scheme is vital for maintaining the dignity and independence of individuals who are no longer in the workforce.

Health Insurance

Health insurance contributions are another critical aspect of social security in Kosovo. This element of the system funds the public healthcare services, granting insured individuals access to a range of medical treatments and services. Health insurance ensures that workers and their families can obtain necessary healthcare without facing prohibitive costs, thereby promoting public health and well-being across the community.

Unemployment Insurance

Unemployment insurance provides financial assistance to workers who lose their jobs through no fault of their own. By contributing to the unemployment insurance fund, employers and employees support a program that offers temporary financial support to individuals actively seeking new employment. This insurance helps to stabilize the economy by ensuring that unemployed workers can continue to meet their basic needs while looking for work, thereby maintaining their skills and readiness for reemployment.

Work Injury Insurance

Work injury insurance is designed to cover employees in case of accidents or injuries that occur in the workplace or as a direct result of their employment. This insurance provides compensation for medical expenses, rehabilitation, and, in some cases, loss of income due to temporary or permanent incapacity to work. It is an essential protection that emphasizes the importance of safety and health at work, encouraging employers to maintain a safe working environment.

Maternity and Family Benefits

Maternity and family benefits are part of Kosovo's social security system, supporting employees during and after pregnancy. These benefits ensure that expectant and new mothers can take necessary time off work for prenatal care, childbirth, and postnatal care without losing their entire income. Additionally, family benefits may extend to financial support for families with children, recognizing the additional costs associated with raising a family and promoting the well-being of all family members.

In conclusion, the social security and payroll deduction system in Kosovo is designed to provide comprehensive coverage across a variety of life's challenges and stages. By contributing to these funds, employers and employees invest in a safety net that supports not only the individual worker but also the broader societal good. The system reflects a commitment to social solidarity, ensuring that those who are most vulnerable can rely on support when they need it most.

Kosovo VAT Rates in 2024

VAT rates for Kosovo are reviewed annually, you can use the VAT Calculator to calculate VAT due in Kosovo or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Kosovo

The following tax tables are supported by iCalculator™ XK as part of the suite of free tax tools we provide for Kosovo.