A number of Polish banks securitised loans with O. Fundusz, which advanced them a ‘financial contribution’ in return for undertaking under a sub-participation agreement to pass any loan repayments to the fund. The banks were clearly making VAT-exempt supplies of credit to their customers. Was O. Fundusz making an exempt supply of credit to the banks?
Source Deloitte
Join the Linkedin Group on ECJ VAT Cases, click HERE
Latest Posts in "European Union"
- CJEU Rules Transfer Pricing Adjustments May Be Subject to VAT if Direct Link Exists
- CJUE Clarifies VAT Refund Rights: Brose Prievidza Ruling on Goods Remaining in Member State
- EU Tax Observatory Grants: Proposals Invited for Research on Fair and Efficient Taxation
- VAT and Fiscalization Rules for EV Charging Infrastructure in Belgium: Key Legal and Compliance Insights
- Amazon VAT Essentials: Key Questions Answered for International Sellers and FBA in Europe
