
Normative Aspect of the Tax System of Republika Srpska in the Light of Taxation Theory
Author(s) -
Dinka Antić
Publication year - 2020
Publication title -
godišnjak fakulteta pravnih nauka
Language(s) - English
Resource type - Journals
eISSN - 2232-9684
pISSN - 2232-9668
DOI - 10.7251/gfp2010128a
Subject(s) - normative , legislation , law and economics , double taxation , direct tax , tax law , international taxation , public economics , economics , law , business , tax reform , political science
In general, the tax system of Republika Srpska is defined by the Constitution of Republika Srpska, and implemented by a large number of tax legislation. Starting from holistic approach for design of tax systems, it is necessary to design a tax system on the basis of taxation principles. The Law on the Tax System in Republika Srpska represents a unique legislation which combines normative and positive aspects of public finances, and in a broader sense, a compilation of normative, regulatory, operational and analytical dimension of public finances in the sphere of tax systems design. Normative aspect is manifested in prescribing and defining general and individual taxation principles, as well as specific principles for determining taxes, while positive aspect relates to prescribing analytical tools for estimation of tax burden in Republika Srpska. An analysis of provisions of the Law in relation to taxation theory has shown a need for precise formulation of essence of the prescribed principles by implementing legislation, in order to enable a consistent application of the Law within Republika Srpska, aiming at efficient and economical collection of public revenues and enabling optimal tax burden of taxpayers.