Časopisi po područjima
Politike i razmjena
THE SURVIVAL OF ICT COMPANIES IN BOSNIA AND HERZEGOVINA: RESEARCH AND DEVELOPMENT TAX CREDIT
; University of Sarajevo School of Economics and Business Sarajevo; PhD Business Management; Bosnia and Herzegovina
; Columbia University School of International and Public Affairs; MA International Finance & Economic Policy: United States of America
Puni tekst: engleski, pdf (325 KB)
Fijuljanin, S., Fijuljanin, A. (2017). THE SURVIVAL OF ICT COMPANIES IN BOSNIA AND HERZEGOVINA: RESEARCH AND DEVELOPMENT TAX CREDIT. DIEM : Dubrovnik International Economic Meeting, 3(1), 219-227. Preuzeto s https://hrcak.srce.hr/187382
Research and Development (R&D) Tax Credit is a widely used incentive designed to encourage companies to invest in R&D. The goal is to stimulate and accelerate the development of certain business branches thus affecting the growth of foreign capital investments, competitiveness on the international market, and the employment rate. After years of business uncertainty, Bosnia and Herzegovina (BiH) seems to have found its competitive advantage in the Information and Communications Technology (ICT) industry. Since 2010 until today there has been an increase of 72% in this sector, with most companies being founded between year 2005 and 2016. Immensely competent staff, relatively cheap workforce, a favourable geographical location and adequate Internet and software infrastructure allow the country to compete with the world’s largest ICT powers on an equal footing. However, regardless of the potentials of the ICT sector in BiH, there is a lack of governmental support concerning the export of software products, inconsistency and incompatibility of national legislation with world standards in terms of online marketing, the high fiscal costs in the industry, and the brain drain of young professionals. Unless they want to leave to chance the development of the country’s strategic sector, the authorized institutions in BiH must immediately create and implement a clear strategy that would determine the direction of development of the ICT sector. Proposed tool is the state program that would enable R&D tax credits under certain conditions for start-up companies, outsourcing companies, and other formal legal structures that bring multinational ICT companies to the domestic market, thus creating a supportive environment for local ICT companies without interfering with their business models, and allowing unhindered private sector growth that would beget economic development.
Tax incentives; IT management; Innovation and innovative business models; Entrepreneurship
Hrčak ID: 187382
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