The Resource Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?

Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?

Label
Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?
Title
Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?
Creator
Subject
Language
eng
Summary
In this article, the author discusses the difficulties in the determination of the VAT treatment of various financial products, including Islamic finance products, based on both EU and GCC legislation. Main findings are that under both systems, establishing whether or not financing products that achieve the same economic goal are indeed treated in a similar way is burdensome. Alternative solutions to achieve more justified results, such as applying a more economic approach or limited implementation of VAT exemptions, should - in the author's view - be further investigated
Citation source
In: International VAT monitor. - Amsterdam. - Vol. 32 (2021), no. 1 ; p. 30-38
http://library.link/vocab/creatorName
Neijtzell de Wilde, L
Geographic coverage
  • Europe
  • Middle East
Language note
English
http://library.link/vocab/subjectName
  • European Union
  • GCC
  • VAT
  • financial services
  • Islamic finance
  • VAT exemption
  • leasing
  • sale and lease-back
  • ECJ case law
Label
Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?
Instantiates
Publication
Label
Difficulties in determination of VAT treatment of various categories of financing solved by "economic reality"?
Publication

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