Dinamism of Property Tax Reform in Serbia- Administrative and Fiscal Aspects

Since the introduction of property taxation in Serbian legislation, the tax system has been the subject of reforms a number of times for the purpose of its harmonization it with European Union standards. Initial changes were almost unnoticiable, while the latest modifications in the law attracted considerable interest of the tax policy creators, financial experts, as well as the taxpayers themselves because they introduced a new method of determining the tax basis which has increased the overall tax liabilities at annual level. Bearing in mind that the property tax generates local revenue and that local governments are in constant need for additional resources, the methodology of determining the tax liability should be based on the principle of equity and equality in order to ensure an ultimately efficient tax collection. In this paper, the authors will attempt to analyze both positive and negative aspects of improving the property tax system through a number of years, as well as to propose some solutions for the future reform of this system. By means of fiscal decentralization, this revenue plays an important role in financing local expenditure, while its abundance directly secures a larger autonomy of local self-government units, making them less dependable on the funds coming from the state budget

Leading Activity of Executive Power in Domain of Subsidiary Legislation- Decrees and Their Categorization

The central theme of this paper is theoretical consideration of the concept of regulations and their classification. The regulations are the general legal acts of the executive branch, which, by special procedure, are adopted by these bodies.It can be a government (in a parliamentary system) or a head of state (in the presidential and some semi-presidential systems). In most legal systems on the hierarchical scale of the regulation, they are placed under the constitution and laws, and above other by-laws. It is possible to differentiate law enforcement regulations (these are general and executive regulations) as well as regulations on the need. Instead of the conclusion, the authors pay attention to the concept and categorization of regulations in the constitutional system of Serbia