Keywords
Summary

Keywords

Tax provisions — Harmonisation of laws — Turnover taxes — Common system of value added tax — Supply of services for consideration — Concept — Admission of a new member to a partnership in consideration of payment of a contribution in cash — Excluded — (Council Directive 77/388, Art. 2(1))

Summary

A partnership which admits a partner in consideration of payment of a contribution in cash does not effect towards that person a supply of services for consideration within the meaning of Article 2(1) of Sixth Directive 77/388 on the harmonisation of the laws of the Member States relating to turnover taxes.

If the mere acquisition of financial holdings in other undertakings does not in itself constitute an economic activity within the meaning of the Sixth Directive, the same must be true of activities consisting in the transfer of such holdings.

see paras 38, 40, 43, operative part