- No VAT exemption for the industry pension fund X BV
- Court of The Hague rules that X BV is not a collective investment fund
- Key factor is that pension fund participants do not bear investment risk
- X BV manages pension schemes for its employees
- X BV is not an investment institution but is under special government supervision
- X BV is funded by future pension recipients and invests based on risk diversification
- X BV purchases asset management services from A Ltd. since mid-June 2017
- Dispute over whether X BV qualifies as a collective investment fund under Dutch law
- Court confirms X BV does not qualify due to predetermined pension rights and payouts
- X BV is not comparable to a Defined Contribution pension fund
- Appeal is dismissed
Source: taxlive.nl
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.
