Case C-232/24 Kosmiro: The Court of Justice Excludes the‘Financing’ Component in Its VAT Assessment of Factoring Transactions

Lamensch, Marie

Case C-232/24 Kosmiro: The Court of Justice Excludes the‘Financing’ Component in Its VAT Assessment of Factoring Transactions

Lamensch, Marie

(2026) EC tax review — Vol. 35, n° 02, p. 98-101 (2026)

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Authors

Lamensch, MarieUCLouvain
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Abstract

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. This article provides a critical analysis of the decision.

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UCLouvainSSH/LouRIM - Louvain Research Institute in Management and Organizations

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Lamensch, M. (2026). Case C-232/24 Kosmiro: The Court of Justice Excludes the‘Financing’ Component in Its VAT Assessment of Factoring Transactions. EC tax review, 35(02), 98-101. https://hdl.handle.net/2078.5/272927 (Original work published 2026)