Nalazite se na CroRIS probnoj okolini. Ovdje evidentirani podaci neće biti pohranjeni u Informacijskom sustavu znanosti RH. Ako je ovo greška, CroRIS produkcijskoj okolini moguće je pristupi putem poveznice www.croris.hr
izvor podataka: crosbi !

Introduction to Taxation of Interest on Term Deposits in Croatia (CROSBI ID 625970)

Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija

Šubić, Roman ; Ivanov, Marijana Introduction to Taxation of Interest on Term Deposits in Croatia // Global Business Conference 2014 Proceedings: Questioning the Widely-held Dogmas / Hair, Joe ; Krupka, Zoran ; Vlašić, Goran (ur.). Dubrovnik: Institut za inovacije, 2014. str. 438-450

Podaci o odgovornosti

Šubić, Roman ; Ivanov, Marijana

engleski

Introduction to Taxation of Interest on Term Deposits in Croatia

The paper discusses the environment of the current Croatian tax system and the impact of the taxation on interest as a new form of taxation. Although most of the EU countries have been applying the taxation of interest on savings for many years, announced taxation is expected to be implemented in Croatia from the beginning of 2015. Considering the significant importance of tax revenues for the central government budget, the paper compares the level of tax burden in Croatia with the level of tax burden in economic peer countries from CEE region. Despite the fact that overall tax burden in Croatia is lower than the EU average, it could be concluded that, from the investor's perspective in CEE countries, the tax environment in Croatia is unfavourable. Moreover, the tax environment refers not only to the tax burden, but also to frequent changes in tax regulations. The intention to write this paper was the assumption that the implementation of tax may impact the status of depositors and consequently that it will affect financial stability of banks. For the purposes of this paper, banks have been divided into three peer groups (large, medium-sized and small banks) and it was found that medium-sized and small banks rely more on deposits, particularly retail term deposits, as a source of financing and they, therefore, bear higher costs of funding and operational costs. Analyzing the potential effects of taxation, it has been concluded that small and medium-sized banks are much more sensitive to potential outflows of retail deposits which would be reflected to their liquidity and profitability. Potential spill-over effects could happen if banks decide to transfer their interest expenses to debtors through the increase of interest rates on loans. Although the effects of interest taxation may individually affect certain bank in terms of relation between sources of funding and granted loans, it is unlikely to expect serious distortions in banking system that would result from this new form of taxation.

Taxation of interest; interest expenses; outflow of deposits

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

Podaci o prilogu

438-450.

2014.

objavljeno

Podaci o matičnoj publikaciji

Global Business Conference 2014 Proceedings: Questioning the Widely-held Dogmas

Hair, Joe ; Krupka, Zoran ; Vlašić, Goran

Dubrovnik: Institut za inovacije

1848-2252

Podaci o skupu

Global Business Conference 2014

predavanje

01.10.2014-04.10.2014

Dubrovnik, Hrvatska

Povezanost rada

Ekonomija