o:2372 C EFFICIENCY RATIO AS A MEASURE OF VAT EFFICIENCY IN EU DEVELOPING COUNTRIES AND SERBIA en 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 1552099 10.7251/NOE1926016D 2024-03-07T13:49:34.663Z 44 yes 46 Jadranka Đurović- Todorović Faculty of Economics, University of Niš 2019 46 Marina Đorđević Faculty of Economics, University of Niš 46 Milica Ristić Faculty of Economics, University of Niš application/pdf 604247 https://phaidrani.ni.ac.rs/o:2372 no yes 18 70 92000001 18A15