New Developments on the VAT Exemption for Fund Management Services

On 17 June 2021, the Court of Justice of the European Union (CJEU) rendered two decisions about the application of the VAT exemption for management services provided in article 135 (1) (g) of the EU VAT Directive and implemented in article 44 (1) (d) of the Luxembourg VAT law. OVERVIEW OF THE CASES - In the first case, several management companies outsourced services to a third-party, including the calculation of income at the level of the funds and the preparation of the tax returns to be...
By: Goodwin