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A broader interpretation by the Dutch Supreme Court of VAT exemption for collective asset management

Collective asset management is exempt from VAT, while individual asset management is taxed. The Dutch Supreme Court (the Court) recently ruled on the management of so-called investment trust accounts. According to the Court, management of investment trust accounts also falls within the VAT exemption for collective asset management. This decision effectively broadens application of the VAT exemption and may have consequences for other situations.

Source: BDO

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