The European General Court issued a preliminary ruling (Case No. T‑657/24) on 9 February 2026 clarifying that credit intermediaries are exempt from VAT only when they canvass and source customers for mortgage‑loan agreements and assist with preparatory work before agreements are concluded. A Portuguese credit intermediary’s commission‑based mortgage‑loan intermediation was challenged, and the court held that unless these conditions are met, the services are taxable.
The intermediary must canvass and source customers for mortgage‑loan agreements and assist them with preparatory work before the agreements are concluded.
On 9 February 2026.
Case No. T‑657/24.
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Darkopavic · about 8 hours ago
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VatCalc · about 17 hours ago
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