Introduction to VAT exemption for alternative investment fund management – BMF letter of 17.5.2024

• BMF issued a letter on 17.5.2024 regarding the VAT exemption for the administration of alternative investment funds
• The letter adjusts the UStAE following changes to § 4 Nr. 8 Buchst. h UStG
• The scope of the VAT exemption was expanded to include all alternative investment funds as of 1.1.2024
• The exemption now covers the administration of OGAW, AIF, and pension funds
• The VAT exemption is based on Art. 135 Abs. 1 Buchst. g of the VAT Directive
• The exemption now includes the administration of venture capital funds.

Source: datenbank.nwb.de

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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