- Portuguese tax authorities released binding information notices in April 2024 regarding VAT exemption for fund management activities
- VAT exemption may apply to services rendered by third parties subcontracted by the fund manager under certain conditions
- Legal services and software acquisition for investment fund management may benefit from VAT exemption if specific criteria are met
- Data processing and computer consultancy services are not covered by the VAT exemption
- Taxpayers should conduct a case-by-case analysis to determine if their input costs are exempt from VAT
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
