Skip to content
V2457-20 ·17 July 2020 ·consulta-vinculante Medium impact
Tax

Management services for closed-ended collective investment schemes are exempt from VAT

A management company has requested clarification on whether management services provided to a closed-ended collective investment scheme are exempt from VAT. The Directorate-General for Taxes (DGT) has ruled that the exemption applies regardless of whether the fund is open-ended or closed-ended.

In 6 key points

How it affects those involved

This ruling provides legal certainty for management companies, confirming that the VAT exemption for collective investment schemes extends to closed-ended funds.

Lifecycle

2020-07-17PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact