ESCROW CONTRACT BEFORE EUROPEAN VALUE ADDED TAX

The emergence of escrow in international contracting, which is a contract originating in Anglo-American law, from the perspective of value added tax introduces the question of whether the delivery of an asset, money or document by the promisor to the escrow agent and whether or not the eventual receipt of an asset, money or document by the beneficiary of the escrow agreement, gives rise to the accrual of value added tax and under what concept.