SOME ASPECTS TO ENCOURAGE THE DEVELOPMENT OF THE TOURIST SECTOR IN THE REPUBLIC OF SERBIA

Abstract

In modern business conditions, the state appears as a modern subject of directing and coordinating the development of economic activities. primary, secondary, and tertiary. In this sense, by stimulating tax measures and other fiscal policy measures, the state can pretty much stimulate the development of the tourism sector. In addition, a modern state, such as the Republic of Serbia, should encourage diversification of businesses with tax benefits, and an entrepreneurial style of managing fiscal mechanisms. The modern state protects the so-called the historic business core of the business with additional tax incentives. Even the choice of management gets privileged tax status. For transition economies, it is extremely important that the state financially covers the gap between managerial risk management and equity risk management in the form of creating special tax risk capital funds that are taxed from the budget. Serbia can look for new potential in regionalizing the tourist destination and building the tax capacity of the region through an active fiscal policy, guided by the experience of Europe and European measures. Through the research and functional analysis of the scope of Serbia fiscal policy, in this paper, we come to the extent to which and how Serbia can anticipate and direct tourism development in a sustainable and inclusive context as the backbone of the economic development of the entire economy.