Naslov
The influence of value added tax on the formation of prices in hospitality on the territory of the Republic of Croatia

Autori
Grubišić, Anita ; Miljak, Toni ; Mustafovski, Anđela

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development / - , 2020, 37-43

Skup
63rd International Scientific Conference on Economic and Social Development: Building Resilient Society

Mjesto i datum
Zagreb, Hrvatska, 11.12.2020. - 12.12.2020

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
calculation, price formation, tax system, tourism

Sažetak
Tourism, as an economic branch, is extremely important in the Republic of Croatia and as such should be given special attention when defining legislative frameworks. In addition to regulations and ordinances governing the business and conduct of business entities in the tourism market, the legislator also enacts tax provisions that apply to all market stakeholders. Frequent changes in tax regulations do not contribute to the stability and competitiveness of the hospitality industry and tourism in general. Since January 2020, two value added tax rates of 13 and 25% have been applied to the hospitality industry as an activity. To this must be added the consumption tax, which also affects the final price of the product or service in the hospitality industry. The maximum amount of consumption tax is 3%. On the other hand, only the value added tax rate of 13% is applied to accommodation services. When we look at the Croatian economy as a whole, we can see an exceptional dependence on overall tourism, which accounts for up to 20% of GDP. By comparison, in other competing countries, tourism accounts for 5 to 10% of GDP. Also, the Croatian tax system is much more complex and burdens the economy more than the tax systems of other countries. The aim of this paper is to show the extent to which the tax burden affects the formation of the final price in catering, which can be crucial in attracting individual guests.

Izvorni jezik
Engleski

POVEZANOST RADA