The only way we can turn to find answers to such questions is the jurisprudence of the Court of Justice of the European Union. While the traditional approach can be certain from the perspective of tax controls, the related costs can be significantly improved by applying the principles of European jurisprudence. These principles can change the perspective and support the application of the VAT treatment required by banks, in practice certain principles being already accepted and confirmed by the Romanian authorities in the fiscal controls.
For more information, please see the Romanian version of the article, here.
