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V2384-22 ·16 November 2022 ·consulta-vinculante Medium impact
Tax

Venture capital companies are taxable persons for VAT, but funds are not

The applicant inquired whether venture capital companies and their funds are taxable persons for VAT purposes and whether the financial analysis services they receive are exempt. The DGT ruled that venture capital companies are taxable persons, whereas funds are not, and that research services are exempt if they function as investment recommendations.

In 6 key points

How it affects those involved

This ruling clarifies the VAT status of different entities within the venture capital ecosystem, distinguishing between the management companies (taxable persons) and the funds themselves (not taxable persons), while defining the conditions for VAT exemption on research services.

Lifecycle

2022-11-16PublishedPublished 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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