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V2298-24 ·5 November 2024 ·consulta-vinculante Medium impact
Tax

Harmonised investment fund: no VAT entrepreneur status or Model 347 obligation

The DGT confirms, following the TEAC ruling of 22 September 2021, that harmonised investment funds are not considered entrepreneurs for VAT purposes as they do not assume the inherent business risks or manage their own production factors, thus exempting them from submitting the annual declaration of operations with third parties (Modelo 347).

In 6 key points

How it affects those involved

Harmonised investment funds are not required to register as entrepreneurs for VAT or submit Model 347 declarations due to lack of business risk assumption and production factor management.

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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