- A sectoral pension fund using an average salary scheme does not qualify for VAT exemption on management services.
- The fund’s participants do not bear investment risk, so the VAT exemption cannot be granted.
- The fund manages pensions for employees in industries like meat processing and convenience foods.
- Contributions are invested, and pensions are paid upon retirement or death.
- The fund began using foreign asset management services in June 2017 and contested VAT charges in 2018.
- The court ruled that the fund’s management services do not qualify for VAT exemption.
- The fund argued it should be compared to an investment fund, but the court disagreed.
- The court referenced previous rulings indicating the fund’s risk level is not comparable to that of an investment fund.
Source: fiscaalvanmorgen.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.
