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V2273-25 25 November 2025 · SG de Impuestos sobre el Consumo Criterion in force
IVA · exención

Requirements for VAT exemption on management services provided to a securitisation fund

An entity asks whether administration and credit rights management services provided to a securitisation fund are exempt from VAT. The DGT states that, according to TJUE case law, for externalisation to be exempt, it must constitute a distinct package and be specific and essential to the fund's management.

The question raised

Cuestión planteada Aplicación de la exención del Impuesto sobre el Valor Añadido a los servicios externalizados prestados por la entidad consultante

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