On 17 June 2021, the Court of Justice of the European Union released a decision in the frame of two joined cases (C-58/20 and C-59/20) relating to the scope of application of the VAT exemption for the management of special investment funds. In its judgment, the Court ruled that some tax and IT services outsourced to third-party service providers can fall within the scope of the VAT exemption provided certain conditions are met. Although this decision recalls the well-established jurisprudence of the Court, it provides useful clarifications on the application of the VAT exemption to outsourced services, as well as on the specificity criteria to be met to benefit from the exemption.
Source: ATOZ
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