EVALUATION OF VAT EFFICIENCY IN BENELUX COUNTRIES

Milica Inđić; Vera Mirović; Branimir Kalaš; Miloš Đaković

doi:10.5937/Oditor2301071I

Autori

Milica Inđić Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici, Segedinski put 9-11, Subotica Author
Vera Mirović Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici, Segedinski put 9- 11 Subotica Author
Branimir Kalaš Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici, Segedinski put 9-11, Subotica Author
Miloš Đaković Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici, Segedinski put 9-11, Subotica Author

DOI:

https://doi.org/10.5937/Oditor2301071I

Ključne reči:

porez na dodatu vrednost, efikasnost, panel analiza, zemlje Beneluksa

Apstrakt

Relevantnost poreza na dodatu vrednost ogleda se u generisanju značajne količine prihoda i suzbijanju poreske evazije. Svrha istraživanja je usmerena ka procenjivanju prikupljenih prihoda i merenju efikasnosti naplate PDV prihoda u zemljama Beneluksa (Belgija, Holandija i Luksemburg) za vremenski period 2011-2020. godine. Empirijski rezultati istraživanja ukazuju da je prosečna PDV efikasnost iznosila 59.84% u posmatranim zemljama. pri čemu je najveći stepen efikasnosti zabeležen u Luksemburgu, a najmanja vrednost u Belgiji. Panel regresioni rezultati pokazuju da ekonomski rast, finalna potrošnja, državni rashodi i PDV prihodi pozitivno utiču na PDV efikasnost u posmatranim zemljama. Istovremeno, varijable poput nezaposlenosti i inflacije, kao i standardna PDV stopa imaju negativan efekat na efikasnost PDV prihoda. Dobijeni empirijski nalazi mogu biti od pomoći kreatorima ekonomske politike u analiziranim zemljama prilikom profilisanja i prilagođavanja poreske politike sa stanovišta poreza na dodatu vrednost.

##plugins.themes.default.displayStats.downloads##

##plugins.themes.default.displayStats.noStats##

Reference

Abshari, Z., G.P. Jenkins, C.Y. Kuo, and M. Shahee. 2021. Progressive Taxation versus Progressive Targeted Transfers in the Design of a Sustainable Value Added Tax System. Sustainability, 13, (20): 1-17.

Acosta-Ormaechea, S., S. Sola, and J. Yoo. 2019. Tax composition and growth: A broad cross-country perspective. German Economic Review, 20, (4): 1-37.

Adhikari, B. 2020. Does a Value-Added Tax Increase Economic Efficiency. Economic Inquiry, 58, (1): 496-517.

Aizenman, J., and Y. Jinjarak. 2008. The collection efficiency of the Value Added Tax: Theory and international evidence. The Journal of International Trade & Economic Development, 17, (3): 391-410.

Babici, G., E. Criveli, and M. Marinkov. 2019. Tax Administration Strength and Tax Efficiency in Emerging Europe: Lessons for Romania. International Economic Journal, 33, (4): 741-755.

Barbu, L., D.M. Mihaiu, R.A. Serban, and A. Opreana. 2022. Knowledge Mapping of Optimal Taxation Studies: A Bibliometric Analysis and Network Visualization. Sustainability, 14, (2): 1-36.

Baum, A., S. Gupta, E. Kimani, and S.J. Tapsoba. 2017. Corruption, Taxes and Compliance. IMF Working Paper 17/255. International Monetary Fund, Washington, D.C.

Benkovskis, K., and L. Fadejeva. 2014. The effect of VAT rate on inflation in Latvia: evidence from CPI microdata. Applied Economics, 46, (21): 2520- 2533.

Bostan, I., C. Popescu, C. Istrate, and I.B. Robu. 2017. The Impact of Taxation of the Domestic Economic Transactions on the Vat Collection Through Electronic Fiscal Devices. Amfiteatru Economic, 19, (45): 581-594.

Brooks, C. (2008). Introductory Econometrics for Finance. Cambridge, University Press.

Campos-Vázquez, R.M., and E.M. Medina-Cortina. 2019. Pass-through and competition: the impact of soft drink taxes as seen through Mexican supermarkets. Latin American Economic Review, 28, (1): 1-23.

Capasso, S., L. Cicatiello, E. De Simone, G.L. Gaeta, and P.R. Mourâo. 2021. Fiscal transparency and tax ethics: does better information lead to greater compliance? Journal of Policy Modeling, 43, (5): 1031-1050.

Chan, S.-G., Z. Ramly, and Karim, M.Z.A. 2017. Government Spending Efficiency on Economic Growth: Roles of Value-added Tax. Global Economic Review. Perspectives on East Asian Economies and Industries, 46, (2): 162-188.

Cnossen, S. 2015. Mobilizing VAT revenues in African countries. International Tax and Public Finance, 22, (6): 1077-1108.

Cnossen, S. 2022. The C-inefficiency of the EU-VAT and what can be done about it. International Tax and Public Finance, 29, (1): 215-236.

Cordero, J.M., C. Díaz-Caro, F. Pedraja-Chaparro, and N.G. Tzeremes. 2021. A conditional directional distance function approach for measuring tax collection efficiency: evidence from Spanish regional offices. International Transactions in Operational Research, 28, (2): 1-28.

Dobrović, J., R. Rajnoha, and P. Šuler. 2021. Tax evasion in the EU countries following a predictive analysis and a forecast model for Slovakia. Oeconomica Copernicana, 12, (3): 701-728.

Đorđević, M., J. Đurović Todorović, and M. Ristić. 2019. Improving performance of VAT system in developing EU countries: Estimating the determinants of the ratio C-efficiency in the period 1997-2017. Facta Universitatis Series: Economics and Organization, 16, (3): 239-254.

Đurović Todorović, J., M. Đorđević, and M. Ristić. 2021. C efficiency ratio as a measure of VAT efficiency in EU developing countries and Serbia. Novi Ekonomist, 13, (26): 16-25.

Feltenstein, A., J. Martinez-Vazguez, B. Datta, and S. Fatehin. 2022. A general equlibrium model of Value Added Tax evasion: an application to Pakistan. International Economics and Economic Policy, 19, (3): 537-556.

Giesecke, J., and N.H. Tran. 2012. A general framework for measuring VAT compliance rates. Applied Economics, 44, (12): 1867-1889.

Hodžic, S., and H. Celebi. 2017. Value added tax and its efficiency: EU-28 and Turkey. UTMS Journal of Economics, 8, (2): 79-90.

Hondroyiannis, G. and D. Papoikonomou. 2020. The effect of card payments on VAT revenue in the euro area: evidence from a panel VECM. Journal of Economic Studies, 47, (6): 1281-1306.

Hoseini, M., O. Briand. 2020. Production efficiency and self-enforcement in value-added tax: Evidence from state-level reform in India. Journal of Development Economics, 144: 102462.

Kalyva, A., H. Naudts, S. Princen. 2016. The French VAT System and Revenue Efficiency. Economic Briefs. Publications Office of the European Union: Luxembourg.

Keen, M. 2013. The Anatomy of the VAT. IMF Working paper WP13/111. International Monetary Fund. Washington, D.C.

Kowal, A., and G. Przekota. 2021. VAT Efficiency – A Discussion on the VAT System in the European Union. Sustainability, 13, (9): 1-16.

Kubjatkova, A., A. Krizanova, and V. Jurickova. 2021. Value Added Tax and Its Influence on Pricing and Price Decision Making of Companies – A Case Study. SHS Web on Conferences 1-7.

Lin, S. 2008. China’s value-added tax reform, capital accumulation, and welfare implications. China Economic Review, 19, (2): 197-214.

Lin, B., and Z. Jia. 2019. Tax rate, government revenue and economic performance: A perspective of Laffer curve. China Economic Review, 56: 101307.

Majerová, I. 2016. The impact of some variables on the VAT gap in the member states of the European Union company. Oeconomia Copernicana, 7, (3): 339–355.

Martinez, Y.U., P.P. Arzoz, and I. Zabaleta Arregui. 2022. Tax collection efficiency in OECD countries improves via decentralization, simplification, digitalization and education. Journal of Policy Modeling, 44, (2): 298-318.

Mascagni, G., R. Dom, and F. Santoro. 2021. The VAT in Practice: Equity, Enforcement and Complexity. ICTD Working Paper 117, Brighton, Institute of Development Studies.

Milenković, N., B. Kalaš, V. Mirović, and J. Andrašić. 2020. The impact of macroeconomic determinants and tax form on inflation in selected Balkan countries. Serbian Journal of Management, 15, (1): 7-18.

Morrow, P., M. Smart, and A. Swistak. 2022. VAT compliance, trade, and institutions. Journal of Public Economics, 208: 104634.

Mu, R., N.G. Fentaw, and L. Zhang. 2022. The Impacts of Value-Added Tax Audit on Tax Revenue Performance: The Mediating Role of Electronics Tax System, Evidnece form the Amhara Region, Ethiopia. Sustainability, 14, (10): 6105.

Mukherjee, S. 2020. Goods and Services Tax efficiency across Indian States: panel stochastic frontier analysis. Indian Economic Review, 55, (2): 225-251.

Ndubula, E., and E. Matiku. 2021. The Effects of Tax Education on Government Revenue Collection: The Case of Small and Medium Enterprises in Morogoro Municipality, Tanzania. Journal of Economics, Management and Trade, 27, (7): 28-41.

OECD. 2018. Consumption Tax Trends: VAT/GST And Excise Rates and Policy Issues. Organisation for Economic Co-operation and Development, OECD Publishing, France.

Popa, A.M., and A. Botos. 2021. VAT Efficiency in Developing Countries of the European Union. Acta Marisiensi. Seria Oeconomica, 15, (1): 41-48.

Ramírez-Álvarez, J., and P. Carrillo-Maldonado. 2020. Indicator of the efficiency of value added tax and income tax collection in Ecuador. CEPAL Review, 131: 70-86.

Shiraishi, K. 2022. Determinants of VAT pass-through under imperfect competition: Evidence from Japan. Japan and the World Economy, 61: 101120.

Sokolovska, O., and D. Sokolovskyi. 2015. VAT efficiency in the countries worldwide. Munich Personal RePEc Archive, MPRA Paper No. 66422, available at: https://mpra.ub.uni-muenchen.de/66422/

Tagkalakis, A. 2014. The determinants of VAT revenue efficiency: recent evidence from Greece. Bank of Greece Eurosystem, Working Paper 181.

Tóth, P., A. Cupák, and M. Rizov. 2021. Measuring the Efficiency of VAT Reforms: A Demand System Simulation Approach, Oxford Economic Papers, University Press, Oxford.

Wang, L., P. Rousek, and S. Haškova. 2021. Laffer Curve – A comparative study across the V4 (Visegrad) countries. Entrepreneurship and Sustainability Issues, 9, (2): 433-445.

Zídková, H. 2014. Determinants of VAT gap in EU. Prague Economic Papers, 23, (4): 514-530.