Abstract

The article raises the problem of tax settlement of financial means gathered within crowdfunding. Deliberations in this article are a complex analysis of crowdfunding from the point of view of tax obligations incumbent on parties of a transaction. The issue of the problem at hand is complex because of the lack of detailed regulations, both on the ground of civil law in the broad sense, and tax law. The authors described premises of three basic models of crowdfunding, i.e. classic crowdfunding, mixed and shared. For each of those models they presented tax repercussions which will arise on the side of entities participating in the transaction (sponsor-agent-beneficiary). The tax analysis provides for consequences on the grounds of income tax, goods and services tax and inheritance and gift tax. Special attention was devoted to tax settlements of the beneficiary of financial means, who may receive a one-off substantial amount of money within crowdfunding campaign. The crucial element of the article is also the characteristics of way of documenting the transaction.