<abstract xmlns="http://www.w3.org/1999/xhtml"><p> This paper presents differences in the VAT treatment of financial services. We investigated the treatment of  financial services in the VAT system in EU countries as well as in Croatia, in order to reveal differences and  improvement possibilities. The results show that there is a need for significant improvement in the VAT system,  especially in Croatia. Furthermore, European Union countries have applied tax regulations since 1977. The  research on the VAT treatment of financial services indicates that there is unequal application of tax exemptions  and adverse tax competition in EU countries. Nevertheless, Croatia is still adjusting its legislation (the tax  treatment of financial services) with EU provisions. Our paper thus provides a comparative analysis of the  treatment of financial services in the VAT system in EU and Croatia that could be useful for the new consideration  of the financial services position in the VAT system in Croatia. </p></abstract>

This paper presents differences in the VAT treatment of financial services. We investigated the treatment of  financial services in the VAT system in EU countries as well as in Croatia, in order to reveal differences and  improvement possibilities. The results show that there is a need for significant improvement in the VAT system,  especially in Croatia. Furthermore, European Union countries have applied tax regulations since 1977. The  research on the VAT treatment of financial services indicates that there is unequal application of tax exemptions  and adverse tax competition in EU countries. Nevertheless, Croatia is still adjusting its legislation (the tax  treatment of financial services) with EU provisions. Our paper thus provides a comparative analysis of the  treatment of financial services in the VAT system in EU and Croatia that could be useful for the new consideration  of the financial services position in the VAT system in Croatia.

Financial Services in the VAT System in the European Union and Croatia

Faculty of Economics and Business Zagreb, University of Zagreb, Croatia

South East European Journal of Economics and Business

{"article-title":"Financial Services in the VAT System in the European Union and Croatia"}

This paper presents differences in the VAT treatment of financial services. We investigated the treatment of  financial services in the VAT system in EU...

Financial Services in the VAT System in the European Union and Croatia

Online veröffentlicht: 09. März 2013

Seitenbereich: 23 - 33

DOI: https://doi.org/10.2478/v10033-012-0012-8

This content is open access.