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V1151-21 ·29 April 2021 ·consulta-vinculante Medium impact
Tax

Investment advisory services delegated to third parties by management companies are VAT exempt under certain conditions

A venture capital fund management company has requested clarification on whether investment advisory services for buying and selling assets, contracted through third parties, are exempt from VAT. The Directorate General of Taxes (DGT) has ruled that they are, provided that the delegation does not turn the management company into a shell entity and that specific jurisprudential criteria are met.

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2021-04-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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