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V3208-21 ·23 December 2021 ·consulta-vinculante Medium impact
Tax

Accounting, tax advisory, and communication with official bodies are subject to VAT

An entity inquired whether outsourced administration services (accounting, valuation, taxation, and official communication) for investment institutions and pension funds were exempt from VAT. The DGT ruled that only valuation and the registration of unit holders constitute specific and essential exempt services, whereas the remaining services are subject to the tax.

In 6 key points

How it affects those involved

The ruling clarifies that most outsourced administrative functions for investment funds are taxable, limiting VAT exemptions strictly to valuation and unit holder registration.

Lifecycle

2021-12-23PublishedPublished 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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