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A variable capital investment society (SICAV) harmonised with exempt VAT activity asks whether it must submit the annual declaration of operations with third parties (Model 347). The DGT considers that, as a joint stock company, the SICAV qualifies as a trader or professional, and its management services are subject to and exempt from VAT under Article 20.18.n of the VAT Law. The obligation to file Model 347 depends on whether there is an obligation to issue invoices for these exempt operations, according to the invoicing rules.
Cuestión planteada Si una sociedad de inversión de capital variable armonizada con actividad exenta del IVA tiene la obligación de presentar la declaración anual de operaciones con terceras personas.
La SICAV, como sociedad anónima, presume la condición de empresario o profesional (art. 5.Uno.b LIVA). Sus servicios de gestión están sujetos y exentos conforme al art. 20.Uno.18.n LIVA. El art. 3.2 del Reglamento de facturación establece una excepción a la obligación de emitir factura para los servicios del art. 20.Uno.18 LIVA, con determinados matices para entidades como las gestoras de IIC. La obligación de presentar el Modelo 347 (art. 31 RGAT) opera únicamente cuando se desarrollan actividades empresariales o profesionales que generen obligación de declaración.
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