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V2039-20 ·19 June 2020 ·consulta-vinculante Medium impact
Tax

Marketing services for UCITS provided by delegated agents are exempt from VAT

A collective investment scheme management company has enquired whether VAT exemption remains applicable when the marketing function is delegated to agents. The Directorate-General for Taxes (DGT) has ruled that this activity is exempt as it constitutes a specific and essential function of management.

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2020-06-19PublishedPublished 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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