The Court of Justice of the European Union (ECJ) ruled in the joined cases K (C-58/20) and DBKAG (C-59/20) that the management of tax related responsibilities and the supply of a license to use specialized software can fall within the scope of the VAT exemption applicable to collective fund management. The Court reminds that while exemptions must be strictly interpreted, services provided by a third party may be exempt if they are intrinsically connected to the management of such funds and if they are provided exclusively for the purpose of managing such funds, even if those services are not outsourced in their entirety.
Source: tiberghien.com
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