The Serbian tax policy for a new digital age: Some proposals while we wait for a general tax reform

Author:

Kostić Svetislav

Abstract

This paper addresses the topic of how to help Serbian employers fight for our domestic talent with foreign competition, as due to modern technologies, in the better part of our service sector the Serbian workforce has entered the global market. The author adds to this concern the need to transform the Serbian economy from a service provision one to a model centred around high value creation of domestically owned IP. The Serbian creative industry or, to be more precise, its IT sector, is used as the primary field of research, and its own and fiscal policy makers attempts to align the aforementioned two interests are outlined starting from 2018. Based on the developments so far the author proposes a set of tax measures aimed at facilitating the transition of the current Serbian economy into a 4.0 format, wherein the fight to maintain Serbian talent in Serbia and within Serbian employers plays a crucial role.

Publisher

Centre for Evaluation in Education and Science (CEON/CEES)

Reference22 articles.

1. Article 3 of the Law on the Changes and Amendments to the Law on Corporate Income Tax. Official Gazette of the Republic of Serbia, No. 95/2018;

2. Article 5 of the Law on the Changes and Amendments to the Law on Corporate Income Tax. Official Gazette of the Republic of Serbia, No. 95/2018;

3. Black, C. M. (2020). The future of work: The gig economy and the pressures on the tax system. Canadian Tax Journal, Canadian Tax Foundation, 68(1), 69-97;

4. Đuričin, D., & Vuksanović Herceg, I. (2019). Three things an economy needs in the era of the fourth industrial revolution. Ekonomika preduzeća, 67(1-2), 1-15;

5. Explanatory Memorandum for the Bill Amending the Law on Personal Income Tax that the Government of Serbia submitted to the National Assembly on 20 May 2014. Retrieved from http://www.parlament.gov.rs/upload/archive/files/cir/pdf/predlozi_zakona/1612-14.pdf;

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