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V2296-24 ·5 November 2024 ·consulta-vinculante Medium impact
Tax

Risk capital fund without legal personality: no entrepreneur status or obligation to file Model 347

A fund manager of a risk capital fund, exempt from VAT, asks whether the fund must submit the annual operation declaration with third parties. The DGT, following the TEAC ruling of 22 September 2021, concludes that risk capital funds do not have entrepreneur or professional status for VAT purposes. Therefore, they are not required to file Model 347.

In 7 key points

How it affects those involved

Risk capital funds without legal personality are not considered entrepreneurs for VAT purposes and are exempt from filing Model 347.

Lifecycle

2024-11-05PublishedPublished 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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