- The court ruled that an occupational pension fund’s basic scheme constitutes an insurance service, qualifying for VAT exemption.
- As a result, the fund cannot deduct input VAT on related costs, except for a small part linked to non-EU securities transactions.
- The fund assumes insurance risk similar to an insurer, and the existence of a legal relationship with participants supports the insurance qualification.
- The appeal was dismissed, and the remaining input VAT deduction remains denied.
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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