- A pension fund performs VAT-exempt insurance services and therefore has no right to deduct VAT on execution costs. The court ruled that there is a legal relationship between the employees/participants and the pension fund, fulfilling the three conditions set by the Court of Justice for insurance services. The pension fund’s appeal against the refusal of VAT deduction for the first quarter of 2022 is unfounded, as it provides VAT-exempt insurance services.
Source: taxence.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.
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