UDC 336.22(4-672EU)(497.11)
Biblid: 1451-3188, 21 (2022)
Vol. 21, No 80, pp. 137-149
DOI: https://doi.org/10.18485/iipe_ez.2022.21.80.9

Оriginal article
Received: 07 Nov 2022
Accepted: 15 Nov 2022


MATIĆ Petar (Srednja ekonomska škola, Šabac),
VUKŠA Slavko (Univerzitet za poslovne studije, Banja Luka), slavkovuksa@gmail.com

Tax systems include taxes and tax forms that play a major role in the business of states. No tax system in the world is the same, which is why economies differ in their tax policies and structures. The state\'s tax policy can affect several economic segments, such as unemployment, income, company profits, and investment inflows. The importance and purpose of quality management of the tax system are increasing daily, and states contribute to their own sustainability and stability through taxes and fiscal policy. In order to achieve sustainability and stability, tax and fiscal policy must be based on the principles of fairness, efficiency, simplicity, and generosity. In the paper, the authors pay attention to the comparative study of the tax systems of the member states of the European Union and the Republic of Serbia. The analysis includes the movement of income tax, profit tax, and value-added tax rates. Individual and synthetic analyses of the system indicate visible differences in wealth and tax morale. Since the Republic of Serbia is a country that has been going through various macroeconomic imbalances for the past three decades, the authors believe that the domestic tax system requires serious fiscal reforms. Reforms are needed primarily in direct taxation (taxation of income and property) because taxes on income and property do not play a large role in the entire tax system and fiscal policy. Finally, the author\'s intention was to derive the appropriate recommendations necessary for the optimal implementation of fiscal reforms in the Republic of Serbia based on the empirical experiences of the EU member states.

Keywords: Tax system, income tax, profit tax, property tax, GDP, EU, Republic of Serbia