The concept of the “granting of credit” is to be interpreted broadly for the purposes of VAT exemption. This is confirmed by the ECJ in its judgment on the VAT exemption of sub-participations in loan receivables. Despite the special nature of the underlying particular financial instrument, the ECJ assumes a pleasingly clear position with its general statements on the requirements for the VAT exempt granting of credit and continues to develop the broad interpretation manifested in its previous jurisprudence.
O. Fundusz Inwestycyjny Zamknięty reprezentowany przez O S.A. (C-250/21)
Source: kmlz.de
