KOMPARATIVNA ANALIZA OPOREZIVANJA KORPORATIVNE DOBITI U REPUBLICI HRAVATSKOJ I REPUBLICI SRBIJI
COMPARATIVE ANALYSIS OF CORPORATE PROFIT TAXATION IN THE REPUBLIC OF CROATIA AND THE REPUBLIC OF SERBIA

Summary/Abstract: Corporation tax is one of the relatively newer tax forms. The emergence of corporate tax is linked to the emergence of capital companies as a form of economic activity. Corporation tax taxes the company's financial performance. However, for the purposes of taxation, undertakings in the corporate tax system are required to draw up a once-a-year 'tax balance'. It is precisely through the tax balance that the pre-tax result is corrected for tax-free and tax-recognised items of certain income and expenses of the undertaking. Each state defines precisely these items in the framework of its narrower and broader normative corporate profit taxation framework. Nominal rates provide some signals related to the potential tax burden in a given country, but they provide an "incomplete picture" of the tax burden. In order to obtain a realistic picture of the tax burden, it is necessary to consider the effective tax burden, which also takes into account items of increases and reductions in the tax base as well as certain deductions under a particular tax form. This work aims to determine through comparative analysis of corporate tax returns whether an entrepreneur with the same parameters of business such as income and expenditure will pay more tax in the Republic of Croatia or the Republic of Serbia.

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