Naslov
Impact Of Value Added Tax On Tourism

Autori
Dombrovski, Renata ; Hodzic, Sabina

Izvornik
International Business & Economics Research Journal (IBER) (1535-0754) 9 (2010), 10; 131-138

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
value added tax (VAT), tax rates, tourism, competitiveness, Republic of Croatia

Sažetak
The Republic of Croatia is currently carrying out preparatory measures for accession to the European Union. One of them is the harmonization of value added tax (VAT) with the requirements of Directive 2006/112/EC. Strong taxation affects tourism negatively. Hoteliers in Croatia set aside large funds for facility investments, which include partly high VAT rate of 23%, in order to achieve the market standards. Tourists face higher bid prices which puts the country in an unenviable position among Mediterranean competitors. It is important to find an optimal solution within the VAT system to encourage tourism development. Budget funds collected from tourism need to be refunded to the tourism industry.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA