ANALYSIS OF VAT ELASTICITY IN BENELUX COUNTRIES

Authors

  • Milica Inđić Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici
  • Miloš Đaković Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici
  • Vera Zelenović Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici

Keywords:

value added tax, elasticity, Benelux countries

Abstract

Value added tax is a significant tax form worldwide. The importance of this tax is manifested in the scope, stability and efficiency of revenue collection. With respect to macroeconomic conditions and challenges, fiscal authorities have to pay attention to the elasticity of VAT revenues. The paper is aimed at identifying VAT elasticity in the Benelux countries, as well as determining the main macroeconomic factors that affect the changes in VAT elasticity. Empirical results have shown the presence of VAT elasticity in the Benelux countries, as well as a statistically significant impact of gross domestic product, final consumption, unemployment, inflation, government expenditures and standard VAT rate on VAT elasticity for the period 2011-2022.

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Published

03/30/2023

How to Cite

Inđić, M., Đaković, M., & Zelenović, V. (2023). ANALYSIS OF VAT ELASTICITY IN BENELUX COUNTRIES. Ekonomija - Teorija I Praksa, 16(1), 23–39. Retrieved from https://casopis.fimek.edu.rs/index.php/etp/article/view/197

Issue

Vol. 16 No. 1 (2023): Economics - Theory and Practice

Section

Original scientific work

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.