Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:26
  • full-text downloads in 30 days:14

Contents

article: 1 from 240  
Back back to result list
2021, vol. 14, iss. 1, pp. 68-86
Implications of the COVID-19 pandemic on tax revenues level in the Republic of Serbia
University of Novi Sad, Faculty of Economy, Subotica

emailbranimir.kalas@ef.uns.ac.rs
Abstract
The issue of achieved tax revenues in important for every country, especially today in the conditions of the current COVID-19 pandemic. The negative effects of coronavirus are reflected in increased health and economic risk which is manifested in the deterioration of the macroeconomic framework in the world. The aim of this paper is to point out the importance of tax revenues that they have in the tax structure, especially in crisis situations. The subject of the paper includes the analysis of monthly trend of tax revenues in the Republic of Serbia for the period January-October 2020. The results of the analysis indicate that average tax revenues were 2.21% during the observed period. Although a deficit of 34.484 million dinars was recorded in the first ten months, it is positive that public revenues average increased by 2.47% which is slightly higher than the average growth of public expenditures of 1.68%. Since value added tax and excises are the most important tax forms in the structure of the Republic of Serbia, policymakers should focus on stimulating consumption in order to produce positive implications for generating revenues.
References
Adam, C., Henstridge, M., Lee, S. (2020) After the lockdown: Macroeconomic adjustment to the COVID-19 pandemic in sub-Saharan Africa. Oxford Review of Economic Policy, 36 (1): 338-358
Ahmed, F., Ahmed, N.E., Pissarides, C., Stiglitz, J. (2020) Why inequality could spread COVID-19. Lancet Public Health, 5 (5), e240
Andrew, J., Baker, M., Guthrie, J., Martin-Sardesai, A. (2020) Australia's COVID-19 public budgeting response: the straitjacket of neoliberalism. Journal of Public Budgeting, Accounting & Financial Management, 32 (5): 1-12
Asghar, N., Batool, M., Farooq, F., Rehmna, H.U. (2020) Covid-19 Pandemic and Pakistan Economy: A Preliminary Survey. Review of Economics and Development Studies, 6 (2): 447-459
Balajee, A., Tomar, S., Udupa, G. (2020) Fiscal Situation of India in the Time of COVID-19. Indian School of Business, 1-27
Barbier, E.B., Burgess, J.C. (2020) Sustainability and development after COVID-19. World Development, 135: 1-4
Blundell, R., Costa, D.M., Joyce, R., Xu, X. (2020) COVID-19 and Inequalities. Fiscal Studies, 41 (2): 291-319
Clemens, J.P., Veuger, S. (2020) Implications of the Covid-19 pandemic for state government tax revenues. in: NBER Working Paper, 27426, National Bureau of Economic Research
Collier, R., Pirlot, A., Vella, J. (2020) Tax policy and the COVID-19 crisis. in: University of Oxford Centre for Business Taxation, Working Paper 20/01
de Villiers, C., Cerbone, D., van Zijl, W. (2020) The South African government's response to COVID-19. Journal of Public Budgeting, Accounting & Financial Management, 32 (5): 1-15
Ertuğrul, H., Güngör, B., Soytaş, U. (2020) The Effect of the COVID-19 Outbreak on the Turkish Diesel Consumption Volatility Dynamics. Energy Research Letters, 1 (3): 1-4
FRBBR (2020) Forecasting the New England States' Tax Revenues in the Time of the COVID-19 Pandemic. in: Paper Series Current Policy Perspectives Paper No. 88356
FS (2020) in: Ocena antikriznog programa ekonomskih mera, Republika Srbija
Gordon, T., Dadayan, L., Rueben, K. (2020) State and local government finances in the COVID-19 era. National Tax Journal, 73 (3): 733-758
Kalaš, B., Pjanić, M., Andrašić, J. (2016) Struktura i trend javnih rashoda u Republici Srbiji. Ekonomija: teorija i praksa, vol. 9, br. 1, str. 53-63
Kalaš, B., Mirović, V., Andrašić, J. (2020) Cointegration analysis of indirect taxes and economic growth in the Republic of Serbia. Anali Ekonomskog fakulteta u Subotici, br. 44, str. 3-10
Kalaš, B., Đurović-Todorović, J., Đorđević, M. (2020) Panel estimating effects of macroeconomic determinants on tax revenue level in European Union. Industrija, vol. 48, br. 3, str. 41-57
Lakatos, M., Karai, É. (2020) After the first 32 years: New deal in Hungarian income taxation. Anali Ekonomskog fakulteta u Subotici, br. 43, str. 117-134
Maher, C.S., Hoang, T., Hindery, A. (2020) Fiscal Responses to COVID -19: Evidence from Local Governments and Nonprofits. Public Administration Review, 80 (4): 644-650
Maxim, M.R., Zander, K.K. (2020) Green Tax Reform in Australia in the Presence of Improved Environment-Induced Productivity Gain: Does It Offer Sustainable Recovery from a Post-COVID-19 Recession?. Sustainability, 12 (16): 1-17
McDonald, B., Larson, S. (2020) Implications of the Coronavirus on Sales Tax Revenue and Local Government Fiscal Health. Journal of Public and Nonprofit Affairs, 6 (3): 377-400
Michel, A.N. (2020) Post-COVID-19 Tax Policy: Keeping Taxes Low to Ensure a Robust Recovery. Heritage Foundation Backgrounder, No. 3549
Nemec, J., Špaček, D. (2020) The Covid-19 pandemic and local government finance: Czechia and Slovakia. Journal of Public Budgeting, Accounting & Financial Management, 32 (5): 1-10
Olivia, S., Gibson, J., Nasrudin, R. (2020) Indonesia in the Time of Covid-19. Bulletin of Indonesian Economic Studies, 56 (2): 143-174
RZS (2020) Trendovi III kvartal. Beograd, https://publikacije.stat.gov.rs/G2020/Pdf/G20208005.pdf
Streimikiene, D., Raheem, A.R., Vveinhardt, J., Ghauri, S.P., Zahid, S. (2018) Forecasting tax revenues using time series techniques: A case of Pakistan. Economic Research / Ekonomska istraživanja, 31 (1): 722-754
Sumner, A., Ortiz-Juarez, E., Hoy, C. (2020) Precarity and the pandemic: COVID-19 and poverty incidence, intensity, and severity in developing countries. World Institute for Development Economic Research (UNU-WIDER), (No. wp2020-77)
 

About

article language: Serbian
document type: Review Paper
DOI: 10.5937/etp2101068K
received: 22/02/2021
revised: 17/03/2021
accepted: 07/04/2021
published in SCIndeks: 26/06/2021
Creative Commons License 4.0