Comments on T-184/25: VAT Exemption Not Applicable to Credit Management After Sale of Credits

• The AG General Court concluded that VAT exemptions for financial services do not extend to the management of credits by a company (A Oy) that has sold those credits and continues to manage them for a fee, as determined by Advocate General Brkan.
• A Oy, a Finnish bank, sold loans to its subsidiary (B Oy) but retained responsibility for managing those loans, receiving market-based remuneration for its management services.
• The court found that VAT exemptions under Article 135(1)(b), (c), and (d) of the VAT Directive only apply when the taxpayer is both a lender and a credit manager, indicating that since A Oy is no longer the lender, the exemptions do not apply to its credit management services.

Source: taxlive.nl

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EGC T-184/25 (Veronsaajien oikeudenvalvontayksikkö) – AG Opinion – VAT Exemptions for Credit Management: No Exemption for Former Lenders – VATupdate

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