Court ruling clarifies VAT treatment of factoring transactions, indicating changes in exemption scope.
In its judgment of 23 October 2025 in Kosmiro (C-232/24), the Court of Justice of the European Union (CJEU) provides important clarifications on the qualification and VAT treatment of factoring transactions. It confirms a broad interpretation of the notion of ‘debt recovery’ and therefore limits the scope of the exemptions laid down in Article 135(1)(b) and (d) of the VAT Directive.
No takes yet. Share an insight, caveat, or question.
Marie Lamensch (2026) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: