INHERITANCE TAX IN REPUBLIC IN SERBIA

Abstract

In legal terms, inheritance implies the distribution of a
deceased person's inheritance to his/her inheritors. The division of
inherited goods is done in accordance with the prescribed legal
norms. Inheritance Law largely regulates the institution of
inheritance, while the Law on Non-contentious Procedure clearly
defines probate proceedings. In addition to the mentioned laws,
inheritance tax is regulated by tax regulations. Due to the complexity
of the subject matter, this paper shall focus primarily on the
inheritance institution from the perspective of taxation law. In doing
so, particular attention will be paid to the varying inheritance tax
rates in different countries. The aim of the paper is to draw attention
to factors which are relevant to the studied matter, i.e. inheritance tax,
as well as to discuss the economic aspects of taxation. The methods
that will be used in the paper are the normative method, which will
enable us to look at the studied topic from the perspective of
legislation, as well as the content analysis method. Comparative
analysis will help us discover the differences in inheritance tax rates
across countries. The conclusions we will try to reach are actually the
answers to the three questions: What is the subject of taxation, who
are the taxpayers and what is the exact amount of tax liability, i.e.
inheritance tax.