The VAT Consequences of Crowdfunding

Crowdfunding is a relatively new phenomenon and there is little experience with its VAT consequences. In this article, the author distinguishes between four types of crowdfunding: donation-based crowdfunding, reward-based crowdfunding, credit-based crowdfunding and equity-based crowdfunding. She analyses the positions of the platforms, the persons contributing (“investors”) and the persons receiving the funding (“investees”) and discusses the VAT committee guidelines and the opinion of the European Commission on these topics.