Published on August 2018 | Taxation and Accounting

 Factors of Tax Evasion in Bosnia and Herzegovina

The functioning of the tax system and taxation in one economy is of crucial importance to overall financial stability, and tax evasion is one of the major risks, if not addressed adequately, and, depending on the amount of taxes evaded, can trigger severe financial instability in a country. Taxes are one of the essential factors of economic growth and development, they are subject to constant change and improvement, and every tax form, be it a direct or indirect tax, contributes to generating tax revenue to a smaller or greater extent.