Comparative analysis of the most significant tax forms in Serbia and selected countries of EU

Abstract

The subject of this paper is a theoretical and empirical analysis of the tax systems of Serbia and some selected countries of EU. No tax system in the world is the same, and every economy differs in its tax policy and structure. The tax policy of the state can influence several economic segments, such as unemployment, income, company profits, investments, etc. The importance and purpose of quality management of the tax system is increasing today, because through taxes and fiscal policy, each country can influence its own sustainability and stability. The importance of tax forms in the tax structure of a country can be seen from several aspects. One of the aspects is the participation of tax forms in the country's GDP. Another aspect is the share of a certain tax form in total tax revenues. If we look from the point of view of the taxpayers (citizens), then certain tax forms (direct taxes) become more significant, because they concern their standard and affect economic behavior.In this paper, different characteristics of the analyzed tax systems are taken into account.Given that Serbia is a country that, for the last three decades, has gone through various macroeconomic imbalances, the analysis in this paper has shown that it needs fiscal reforms. They are needed primarily in the part of direct taxation (taxation of income and property), because taxes on income and property do not play too large a role in the entire tax system and fiscal policy. The goal of the work is to make recommendations for Serbian fiscal reforms based on the experiences of the analyzed European countries.