Roadtrip through ECJ Cases – Focus on ”Exemption” – Currency transactions exclude collectors’ items and numismatic coins

Relevant article in the EU VAT Directive 2006/112/EC

Article 135(1)(e) of the EU VAT Directive 2006/112/EC

Article 135
1. Member States shall exempt the following transactions:

e) transactions, including negotiation, concerning currency, bank notes and coins used as legal tender, with the exception of collectors’ items, that is to say, gold, silver or other metal coins or bank notes which are not normally used as legal tender or coins of numismatic interest;

Article in the Sixth VAT Directive: 13(B)(d)(4)

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ECJ Cases Decided

• C-2/95 (SDC) – Exemptions based on service nature, not supplier or recipient

• C-172/96 (First National Bank of Chicago) – VAT on Foreign Exchange Transactions Explained
• C-130/15 (NEC) – Processing of debit and credit card payments exempt from VAT? (Bookit C-607/14, NEC C-130/15, Cardpoint C-42/18).

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ECJ Cases Pending

• C-472/24 (Žaidimų valiuta) – Questions – VAT Treatment of In-Game Gold Sales

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