http://creativecommons.org/licenses/by-nc-nd/4.0/legalcode https://phaidrani.ni.ac.rs/o:2372 doi:10.7251/NOE1926016D eng 2019 application/pdf 604247 bytes info:eu-repo/semantics/article C EFFICIENCY RATIO AS A MEASURE OF VAT EFFICIENCY IN EU DEVELOPING COUNTRIES AND SERBIA Đurović- Todorović, Jadranka Đorđević, Marina Ristić, Milica The policy led by a large number of developing countries, with the aim of increasing indirect taxes, has opened the issue of Value Added Tax (VAT) efficiency. Reforms of tax systems of developing countries generally involve an increase in standard rates in order to increase VAT, which is the main source of public revenues. In such a way, developing countries determine the VAT efficiency and the amount of revenue that could be collected by indirect taxation. Novi Ekonomist, Vol 13(2), Year XIII, Issue 26, pp.16-25