engleski

The effects of fiscalization in supressing underground economy in catering industry

Based on the reported turnover of catering industry taxpayers in the past periods a very low turnover has been noticed. There arises the questions 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 of 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 perod. The turnovers will be compared based on 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 Fiscalization act since 2013 and we will establish how much the fiscalization act has contributed to the state budget.

fiscalization; turnover; proceeds; underground economy

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