Non-fiscal levies and other taxes in the function of Serbia’s fiscal competitiveness

Domazet, Ivana and Marjanović, Darko (2024) Non-fiscal levies and other taxes in the function of Serbia’s fiscal competitiveness. Economics of Firms, 72 (3/4). pp. 192-203. ISSN 0353-443X

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Abstract

Fiscal policy, as an integral part of the tax competitiveness of the state,
is a powerful tool for attracting foreign investments. When designing
tax policy, the state tries to reduce the burden and help attract new
investments to the country, i.e. prevent them from flowing out.
Accordingly, the goal of this paper is to determine whether non-fiscal
levies and other taxes affect the fiscal competitiveness of Serbia. More
specifically, whether the business of foreign investors in Serbia depends
on the level of non-fiscal levies and other taxes imposed in Serbia. In
order to collect primary data, an online survey was conducted with the
participation of 88 (from abroad) investors in Serbia in 2001-2019. The
research method used was a one-factorial analysis of variance of different
groups (ANOVA) and a t-test for independent samples. The results show
that non-fiscal levies have a significant impact on tax competitiveness.
Namely, foreign investors consider non-fiscal levies to be an extremely
important factor when it comes to doing business in Serbia. As for the
other taxes analysed (customs duties, excise duties, contributions, and
fees), their importance for foreign investors’ is neutral and therefore not
decisive when choosing Serbia as an investment location.

Item Type:	Article
Additional Information:	COBISS.ID=147495689
Uncontrolled Keywords:	non-fiscal levies, contributions, customs duties, fees, excise duties, tax competitiveness
Research Department:	Digital Economics
Depositing User:	Jelena Banovic
Date Deposited:	14 Aug 2024 15:55
Last Modified:	14 Aug 2024 15:55
URI:	http://35.240.28.64/id/eprint/2085
Author Links:	[error in script] No links available.

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