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VAT Exemption of fund management services undermined by the CJEU

02 July 2020

The CJEU held today that a single supply of management services outsourced by fund managers managing both special investment funds and other funds could not fall within the VAT exemption applicable with respect to the management of special investment funds. Fund managers outsourcing services both in relation to funds that qualify for the exemption and in relation to funds that do not, as well as their providers, should therefore reconsider their VAT position.  

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Source
Full judgment available here
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Related people

Aloïs Charpenet
Senior Associate
Luxembourg