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The Effects Of Fiscalization In Supressing Underground Economy In Catering Industry

Author

Listed:
  • Branimir Markovic

    (Faculty of Economics in Osijek, Republic of Croatia)

  • Domagoj Pavic

    (Vodovod-Osijek Ltd, Republic of Croatia)

Abstract

Based on the reported turnover of catering industry taxpayers in the past periods a very low turnover has been noticed. There arises a question of unrealistically reported income which is incongruent with the income scale of the taxpayers. Accordingly, Ministry of Finance suspects that there is an area of underground economy and therefore suggests the Fiscalization Act in order to try to suppress it. In our paper we will show the stated results of turnover records after the obligation of reporting the records through the fiscal register office and compare them with the stated turnovers before the Fiscalization Act came into effect in the same period. The turnovers will be compared based on the average turnover per employee. We will provide an outline of two groups of taxpayers; small entrepreneurs and craftsmen, and large taxpayers, who have been obliged by the Fiscalization Act since 1st January 2013, and we will establish how much the Fiscalization Act has contributed to the state budget.

Suggested Citation

  • Branimir Markovic & Domagoj Pavic, 2013. "The Effects Of Fiscalization In Supressing Underground Economy In Catering Industry," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 9, pages 575-584.
    • Handle: RePEc:osi:journl:v:9:y:2013:p:575-584
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    More about this item

    Keywords

    fiscalization; turnover; proceeds; underground economy;
    All these keywords.

    JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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