In corporate practice, it is not uncommon for the shareholder to make a contribution in cash or a cash credit. Doubts could arise as to the correct VAT treatment. In spite of the regulatory silence, also contributions involving money or cash credits should — in principle – qualify as activities outside the scope of VAT, as they lack the objective requisites required by the legislation for the application of VAT. This approach would be confirmed in the first place by the principles expressed by the ECJ jurisprudence (C-442/01) which affirmed the VAT irrelevance of contributions relating to money made by a shareholder for the purpose of entering a partnership.
Source: eutekne.info
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