The significance of VAT revenue streams for the budget of the Republic of Serbia
The significance of VAT revenue streams for the budget of the Republic of Serbia

Summary/Abstract: This paper analyzes the significance of revenue streams of the value added tax for the budget of the Republic of Serbia. Some 80% to 90% of the budget revenues of the Republic of Serbia are taxes. In fact, value added taxes have been applied in Serbia since January 2005. It would become significant for the Serbian budget when, the same as in France, it makes up 45% of the total revenues. The purpose of this paper is to point out the problems existing in practice during the common tax reforms (usually applied were partial reforms), or to point out the significance of tax policies in the aim of implementing state economic policy. Constant changes in the Law on the Value Added Tax, changes in tax rates, bank account circulations, selective payments - all these have inevitably influenced the amount of the value added tax revenues in the budget of the Republic of Serbia. This paper presents value added tax revenue data until 2013, as well as showing statistical parameters from the analysis of linear trends and the evaluation of the statistic significance with revenue movements until 2025.

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