According to the CJEU, both the right to use software and specific administrative services can qualify as a management service that is exempt from value added tax (VAT). Thus, the CJEU’s judgment is relevant for parties that provide specific administrative services to asset managers, as well as asset managers that purchase such services from abroad.
The joined cases are: K (no. C‑58/20, 17 June 2021) and DBKAG (no. C‑59/20, 17 June 2021).
Source: KPMG
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