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VAT FRAUD IN SERBIA AND PHENOMENON OF SHELL (PHANTOM) COMPANIES

Journal: Journal for Economic Theory and Practice and Social Issuses (Ekonomika) (Vol.60, No. 2)

Publication Date:

Authors : ; ;

Page : 95-106

Keywords : value added tax; tax evasion; enforcement; compliance; non- compliance; shell ( phantom ) companies;

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Abstract

Like any tax, the VAT is vulnerable to evasion and fraud. It should be said that its concept of credit - refund offers the unique possibility of abuse, which has for a long time the main concern in the European Union (EU), while in Serbia profiled specific form of VAT evasion, so called “ Business with phantom companies “. This paper describes the basic types of tax violations characteristic of VAT, considers how to solve them, based on the experiences of development countries, with a special focus on the specific concept to VAT in Serbia.

Last modified: 2014-06-26 02:40:51