Impact of value added tax on management and performance of enterprises in Serbia

The aim of this paper is to show that in the recession economic conditions, and current business environment in Serbia can be regarded as that, due to the impact of the global economic crisis, market, social, political and other factors, Value Added Tax is not neutral on the business results of the...

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Main Author: Saković Dušan
Format: Article
Language:English
Published: Visoka poslovna škola strukovnih studija, Novi Sad 2012-01-01
Series:Škola Biznisa
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202068S.pdf
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spelling doaj-d3964fa1abb24c8ba6f3f00ff2ec3b082020-11-24T23:04:54ZengVisoka poslovna škola strukovnih studija, Novi SadŠkola Biznisa1451-65512406-13012012-01-0120122688110.5937/skolbiz1202068S1451-65511202068SImpact of value added tax on management and performance of enterprises in SerbiaSaković Dušan0n/aThe aim of this paper is to show that in the recession economic conditions, and current business environment in Serbia can be regarded as that, due to the impact of the global economic crisis, market, social, political and other factors, Value Added Tax is not neutral on the business results of the company. Namely, because of lower economic activity and lower GDP, companies on the market have problems with collecting receivables. Therefore their liquidity position is deteriorated. In this situation, collecting VAT, not VAT itself, even more contributes to the current problems. So the way in which the VAT is collected by the tax authorities indirectly affects companies cash flow, operational management and overall performance of the company. Also, the aim of the study is to present the managerial tactics by which these negative effects can be overcome or at least reduced. These tactics largely rely on the detailed planning and enhanced control of cash flow.http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202068S.pdfvalue added taxliquiditycollecting receivablesenterprise performanceplanning and control of cash flow
collection DOAJ
language English
format Article
sources DOAJ
author Saković Dušan
spellingShingle Saković Dušan
Impact of value added tax on management and performance of enterprises in Serbia
Škola Biznisa
value added tax
liquidity
collecting receivables
enterprise performance
planning and control of cash flow
author_facet Saković Dušan
author_sort Saković Dušan
title Impact of value added tax on management and performance of enterprises in Serbia
title_short Impact of value added tax on management and performance of enterprises in Serbia
title_full Impact of value added tax on management and performance of enterprises in Serbia
title_fullStr Impact of value added tax on management and performance of enterprises in Serbia
title_full_unstemmed Impact of value added tax on management and performance of enterprises in Serbia
title_sort impact of value added tax on management and performance of enterprises in serbia
publisher Visoka poslovna škola strukovnih studija, Novi Sad
series Škola Biznisa
issn 1451-6551
2406-1301
publishDate 2012-01-01
description The aim of this paper is to show that in the recession economic conditions, and current business environment in Serbia can be regarded as that, due to the impact of the global economic crisis, market, social, political and other factors, Value Added Tax is not neutral on the business results of the company. Namely, because of lower economic activity and lower GDP, companies on the market have problems with collecting receivables. Therefore their liquidity position is deteriorated. In this situation, collecting VAT, not VAT itself, even more contributes to the current problems. So the way in which the VAT is collected by the tax authorities indirectly affects companies cash flow, operational management and overall performance of the company. Also, the aim of the study is to present the managerial tactics by which these negative effects can be overcome or at least reduced. These tactics largely rely on the detailed planning and enhanced control of cash flow.
topic value added tax
liquidity
collecting receivables
enterprise performance
planning and control of cash flow
url http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202068S.pdf
work_keys_str_mv AT sakovicdusan impactofvalueaddedtaxonmanagementandperformanceofenterprisesinserbia
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