efficient_combating_the_informal_economy.doc

Project and compliance for presentation and sales of

Info icon This preview shows pages 42–45. Sign up to view the full content.

View Full Document Right Arrow Icon
38. Project and compliance for presentation and sales of goods outside business facilities 39. Project and compliance for winter gardens 40. Bookkeeping services expenditures 41. Bank commissions 42. Various building and property insurance costs 43. Bookkeeping office material costs 44. Local administrative fees (to tax authority, local self-government, etc.) 45. Republic administrative fees 46. Environmental fee 47. Employees transportation costs (in compliance with GCA) 48. Costs of day pays for business trips (according to GCA) 49. Costs of severance pay in compliance with the Labour Law 50. Costs for overtime, night shifts and work on holidays (in compliance with the Labour Law and GCA) 51. Serbian Chamber of Commerce mandatory membership fee 52. Attestation on domestic origins of goods – Serbian Chamber of Commerce 53. 8 different fees for biocide product data evaluation and verification 54. Product package marketing fee 55. Exceptional circumstances fund fee 56. Fee on study of impacts on market structure – trade companies Illegally operating commercial entities fail to meet any of the above-stated 56 liabilities, stipulated by our survey participants. We should point out, however, that the overall number of liabilities exceeds this number, depending on the branch of industry and field of activity of the enterprise and entrepreneur. The above-stated list of liabilities illustrates how much advantage the informal sector has in comparison to formally registered companies. 42
Image of page 42

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2.3. Who represents unfair competition? As unfair competition operating in the informal sector, 189 survey participants (83.26% of overall survey participants) named natural persons , whereas 110 survey participants (48.46% of overall survey participants) named informally operating legal entities . Furthermore, 87 or 38.33% of total survey participants stated that within their field of activity both natural persons and legal entities operate outside of the formal regulatory environment. Exceptional circumstances are related to the sector of services rendered by small legal entities, namely services in the field of project development, printing and Chartal design or computer equipment maintenance, subcontracting and bookkeeping services. In this area, acts of unfair competition are mostly committed by natural persons who independently render their services , whereas the number of survey participants who named legal entities as illegally operating enterprises was relatively small (11.11%). Chart 2.2. Who represents unfair competition? 43
Image of page 43
Natural persons Legal entities Both natural persons and legal entities 2.4. Distribution of illegal goods When it comes to selling of illegal goods to consumers by illegal traders and distributors, the objections mostly refer to advertised sales – 118 (51.98%). Sales of illegal goods on the various green and flea markets, according to 107 survey participants (47.14%), is in second place, followed by sales in unregistered independent trading and crafts stores – 100 survey participants (44.05%).
Image of page 44

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 45
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern