Under the auspices of the FINIZ 2020 conference, there were two sessions organized in the field of taxation: “Exchange of experiences of Visegrad countries in tax evasion activities” under the auspices of the project funded by the International Visegrad Fund (project no. 22010083). At the same time, the Project officially started with these sessions, which will last until March 31, 2022. The first part of the session was a discussion of open issues of theory and practice, on the topic: 1. International cooperation in reducing tax evasion to stop tax evasion and 2. Opinions of the Ministry of Finance – the choice of rights or detours to legal uncertainty. In the area of ​​international cooperation to prevent tax evasion, the focus was on the OECD / G20 Inclusive Framework for BEPS Project Implementation, 15 BEPS actions, tax cooperation, MAP, multilateral convention – MLI, transfer pricing, and especially the impact of COVID-19 on transfer pricing. In the second part of the discussion, the focus was on specific examples related to the reimbursement of transportation costs of employees for coming to and from work; fee for using the server abroad and withholding tax on royalties; catering for filming, series, commercials is the cost of representation; the costs of taxpayers on the basis of free provision of drinks and snacks to all users of their services, with the aim of increasing income from the business of gambling and betting are recognized for tax purposes, etc. The result of the joint discussion was the proposal of the instrument for better tax collection and optimization of tax levies. The results of the presentation of papers published in the proceedings of the FINIZ 2020 conference are: 1) that the tax modernization project, which covers the period from 2018 to 2023, is of great importance for reducing tax evasion in the Republic of Serbia; 2) that in the Republic of Serbia, the state and tax authorities should take measures to create a good climate for all interested parties to reduce tax evasion; 3) large companies have tools to reduce the tax burden in developing countries; 4) the theory of political costs could explain the positive relationship between the effective tax rate and the sectoral affiliation of companies in the V4 countries and Serbia; 5) the importance of the risk of transactions concluded between a group of related parties as an essential element of the group’s transfer pricing policy. The papers will present guidelines for adjusting the law and the impact of tax avoidance on social responsibility policy in the countries of the Visegrad Group and the Republic of Serbia. The session will begin with a discussion on open issues of theory and practice.

You can view the Conference Agenda here.