A number of Polish banks securitised loans with O. Fundusz, which advanced them a ‘financial contribution’ in return for undertaking under a sub-participation agreement to pass any loan repayments to the fund. The banks were clearly making VAT-exempt supplies of credit to their customers. Was O. Fundusz making an exempt supply of credit to the banks?
Source Deloitte
Join the Linkedin Group on ECJ VAT Cases, click HERE
Latest Posts in "European Union"
- VAT Expert Group (VEG) Meeting 13 March 2026: Key Discussions on Platforms, Single VAT Registration and Digital Reporting under ViDA
- Statistics concerning the judicial activity of the General Court
- Comments on EGC T-268/25: Danish requirement of 100% interest for VAT not contrary to EU law according to AG
- Comments on T-233/25: EGC Subcontractor cannot revise VAT base in the event of debt not paid by the client
- EU’s Entry – Exit System fully operational as of 10 April 2026
