Alternatywne metody opodatkowania usług finansowych podatkiem od wartości dodanej (VAT)
Alternative taxation methods of financial services using value added tax

Summary/Abstract: Taxation of financial services (FS) may by imposed both directly, as it is in the case of direct taxes (e.g. Corporate Income Tax of Banks etc.), and indirectly. For years in the group of indirect taxes, value added tax (VAT) has been spreading over the world and now it has a significant impact on the cost of financial intermediation. The article focuses on different methods of financial services’ taxation, which are applied in VAT-countries all over the world. The hypothesis may be assumed that a choice of various method of FS taxation is one of the key-factors in the international tax system competition. Recently improved changes in FS taxation within EU countries do not give any grounds to state about the possibility of receiving competitive advantage in this area globally.

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