03.12.2015 Purchase of doubtful debts VAT-free The finance ministry has modified its VAT Implementation decree to follow ECJ and Supreme Tax Court case law to the effect that the purchase and collection of doubtful debts (non-performing loans) is VAT-free in contrast to the purchase of receivables for collection. Categories: Official PronouncementsKeywords: Non-Performing Loans (NPL), doubtful deb ...
18.09.2013 No VAT on sale of bad debts The Supreme Tax Court has held that a difference between the agreed price for a bad debt package and its agreed market value is, in cases of doubt, an ancillary service to the main supply. Categories: Supreme Tax Court casesKeywords: Non-Performing Loans (NPL), bad debt, Sa ...
