- The Court of Justice of the EU ruled that services related to organizing auctions of pledged goods are not exempt from VAT
- The case involved a Portuguese company that grants loans secured by movable property
- The services for organizing auctions of pledged goods cannot benefit from the same VAT exemption as credit granting operations
- The court found that there is no accessory relationship between the two operations
- The credit could be granted in the same way even if the auction of pledged goods was organized by a third party
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
