The interested party is responsible for the pension administration of a pension fund. This service can be regarded as ‘management of mutual investment funds’ and is therefore exempt from VAT. Under the same agreement, the interested party also provides services referred to as administrative support. It is in dispute whether the administrative support is also exempt. The court ruled that management support is inextricably linked to the provision of the pension administration. These services therefore constitute one economic achievement, namely the correct, complete and timely administration of the pension scheme. It would be artificial to split this achievement. It is not in dispute that in that case the exemption applies.
Source: rechtspraak.nl
Latest Posts in "Netherlands"
- Adjustment of VAT deduction for services on immovable property: What can you still do?
- Government Responds to Questions on VAT Increase Impact Analysis for Accommodation
- Heijnen Maintains VAT Increase on Accommodation Despite Predicted Revenue Loss
- VAT due to number acquisition not deductible due to participation in fraud
- Dutch Government Responds to Questions on Reduced VAT for Culture Media Sports
