- The Court of Justice of the European Union held a hearing on October 5, 2023, regarding the application of VAT exemption to management services for Dutch pension funds operating a conditional average salary scheme.
- The key issue is whether the participants of the pension fund bear the investment risk. If so, the pension fund qualifies as a common investment fund and its management is exempt from VAT.
- The hearing aimed to provide clarity on whether the investment risk can be borne collectively by the participants and if factors such as the amount of pension benefit and actuarial interest rate are relevant.
- The outcome will have a significant impact on the management costs incurred by pension funds in the Netherlands.
- The Advocate General will reach a conclusion on January 11, 2024.
Source Deloitte
See also
- Join the Linkedin Group on ECJ VAT Cases, click HERE
- VATupdate.com – Your FREE source of information on ECJ VAT Cases
Latest Posts in "European Union"
- Comments on GC T-646/24: Simplification measure for triangular transactions applicable to fourth link in the chain
- Comments on T-643/24: Playing Music Without Required License Is a Taxable Service
- GC VAT Case T-363/25 (UNIX) – Order – VAT deductions can not be denied solely due to invoice trustworthiness if the underlying transactions occurred
- PEM Zone: Implementation Status and Legal Fragmentation of Revised Origin Rules from January 2026
- Innovative Customs Education Workshop Spurs Collaboration; Final Chance for Universities to Apply for EU Recognition
