- X provided management services to a pension fund and charged a single fee for both the accumulation and payout phases.
- The dispute concerns whether these services are exempt from VAT as management of a collective investment fund.
- The court ruled that only the accumulation phase involves investment risk for participants, which could qualify for exemption.
- The service is considered a single, indivisible performance covering both phases, so the fee cannot be split.
- Since part of the service does not qualify for exemption, the entire service is not exempt from VAT; X’s appeal is dismissed.
Source: nlfiscaal.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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