Реформа пореског законодавства у процесу приближавања Европској унији
Reform of tax legislation in the process of approaching the European Union

Summary/Abstract: Since the literature finds low tax rates and tax incentives to be a significant factor in making an investment location decision, a growing number of countries use fiscal incentives for attracting multinational companies. Serbia as a transition country and undergoing the process of accession to the EU is forced to pay particular attention to competitiveness as the central issue in creating the policy of economic growth and development. Serbia has signed the treaty of accession and so far has carried out significant tax reforms in order to build a fiscal system in accordance with solutions of the EU member states and under the influence of the EU legislation. As far as indirect taxes in Serbia are concerned, Serbia’s VAT Law has been significantly amended in order to adjust it to the EU legislation, while excise duties remain to be considerably adjusted to the EU legislation. Member states are free to design their direct tax systems as long as the national tax rules do not give rise to incoherent tax treatment when applied in a cross-border context. Amendments to Serbia’s Corporate Profit Tax Law have adjusted national rules with the relevant EU legislation. Serbia has a high share of revenues from indirect taxes and social contributions, which is typical of the newer member states generally, while the EU-15 member states raise roughly equal shares from indirect taxes, direct taxes and social contributions. Taxation policy is rather challenging in the developing countries as governments are required to balance the demand for the necessary revenues, while at the same time establishing the business environment and providing the necessary investments without unnecessary tax burdens.

• Details
• Contents