- Recent ruling by Italian tax authorities states SGR is passive VAT subject only formally
- SGR required to comply with formal VAT obligations, not liable for paying VAT
- Management of investment funds by SGR is exempt from VAT
- Ruling simplifies VAT treatment for SGRs, no need to determine VAT on specific activities
- Tax authorities’ position aligns with general VAT exemption for collective investment management services by SGRs
- Ruling reduces administrative burden and VAT compliance costs for asset management companies in Italy
Source: eutekne.info
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.
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