DNB Banka AS v Valsts ienemumu dienests

European Union – Value Added Tax. Article 132(1)(f) of Council Directive (EC) 2006/112 had to be interpreted to the effect that the exemption provided for in that provision related only to IGPs whose members carried on an activity in the public interest referred to in art 132 of that directive and, therefore, the services supplied by a group whose members carried on an economic activity in the area of financial services, which did not constitute such an activity in the public interest, were not entitled to that exemption. The Court of Justice of the European Union so held in a preliminary ruling in proceedings, which arose out of the national tax authority in Latvia's refusal of the taxpayer's request to have its value added tax declarations corrected.

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