Skip to content
V0581-18 ·28 February 2018 ·consulta-vinculante Medium impact
Tax

Fund management services for Public Administrations are not subject to VAT if full ownership exists

A regional public company has requested clarification on whether managing a portfolio fund for its Autonomous Community is subject to VAT. The Directorate General for Taxes (DGT) ruled that it is not subject to VAT if the Administration holds full ownership of the fund; however, it would be subject to VAT if there were contributions from private entities or if the service were provided to third parties.

In 6 key points

Lifecycle

2018-02-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact