- The Finnish Supreme Administrative Court issued Decision No. KHO202520 on March 19
- The decision clarifies VAT refund rules for companies providing credit brokerage services
- The taxpayer is part of a Nordic group with a Swedish parent company
- The company supplies VAT-exempt credit brokerage services to banks and financial institutions in Finland, Norway, and other EU countries
- Services are provided to customers for free
- The Central Tax Board initially ruled the taxpayer was entitled to a VAT refund for purchases used in exempt credit intermediation services
- The Supreme Administrative Court amended this ruling
- The court held that the taxpayer is entitled to a VAT refund for purchases related to credit brokerage services when the purchaser’s place of business or permanent establishment is outside the EU
Source: news.bloombergtax.com
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.
