E-Knjižnica FET "Dr. Mijo Mirković"

Implications of the vat introduction: cases of Croatia and Bosnia-Herzegovina

Krtalić, Sandra and Kordić, Gordana (2004) Implications of the vat introduction: cases of Croatia and Bosnia-Herzegovina. In: International Conference: An Enterprise Odyssey: Bulding Competitive Advantage, 17-19.06.2004, Zagreb, Hrvatska.

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The tax system reform, together with the replacement of a single-stage sales tax in the retail by value added tax, represents an especially important and crucial part of a successful economic reform and the transition process. The strategic goal of transition countries is the association to the European Union. Therefore, these countries are doing their best to adjust to the system of European Union. One of such adjustments refers also to the harmonization of tax systems in the same countries. Most of them have chosen value added taxation. When introducing this tax, a good number of countries decided for the VAT of consumption type, credit method of calculation and a principle of destination. Numerous discussions were led on the subject of how many tax rates need to be implemented. The paper will analyze and show the progress of indirect tax system reform in the Republic of Croatia, and what should be done and in which way in the same sector in Bosnia-Herzegovina. The indirect tax system reform is one of reforms in Bosnia-Herzegovina, which should significantly help in solving of its accumulated economic problems. Here is in question a complex project, which should replace the current inefficient, unfair and corrupted tax system with a modern, transparent and efficient system. Forecasted research results in the paper should show that the monetary system of Bosnia-Herzegovina is based on a monetary committee arrangement. This means that the monetary policy and its instruments cannot be used to stimulate national economy development. Fiscal system should be and ought to function transparently and effectively. Since this is not the case in Bosnia-Herzegovina, problems in its fiscal sector (especially the tax evasion) significantly deepen the existing economic crisis. Therefore, the reform of indirect taxation system is the necessity. The VAT introduction is a complex task which requires longer period of adjustments, and the experiences of other transition countries from the environment could be useful. The Republic of Croatia has been utilizing the VAT for 6 years already. From its introduction to its utilization, the VAT has been a problem for many economists, politicians, scientists, citizens, and tax consultants. Current experiences of the Republic of Croatia, as well as its problems from the VAT introduction up today’ s utilization of this taxation form, should certainly be taken in the account.

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Tip objekta: Materijal konferencije ili radionice (Paper)
Ključni pojmovi: Tax Reform, Transition, Consumption Tax, VAT, EU, Croatia, Bosnia-Herzegovina
Teme: 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 336 Financije. Uključujući: Javne financije. Bankarstvo. Novac
Odjeli: Fakultet ekonomije i turizma "Dr. Mijo Mirković"
Datum pohrane: 24 Feb 2014 12:53
Zadnja promjena: 24 Feb 2014 12:53
URI: http://eknjiznica.unipu.hr/id/eprint/3327

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