The taxation of non-profit peer-to-peer lending platforms

Abstract

This article analyses the taxation legal framework applicable to the peer-to-peer lending platforms which manage projects that do not involve any kind of financial profitability. Given that there is an absence of specific regulations in this area, the study has been conducted by using as a starting point the two management models underlying the functioning of these kinds of platforms, as well as the functioning of the legal nature of their owners and the operations which they carry out. In this context, an analysis regarding the taxation of peer-to-peer lending platforms in area of direct and indirect taxes is made. The work also includes indications of the main legal problems that these platforms create. Finally, the article concludes with proposals as lex ferenda that may be useful for future regulations in this area.