Pension Administration is Insurance: Fund Not Entitled to VAT Refund – Tax News

• Pension administration is considered an exempt insurance service
• An enterprise pension fund cannot claim VAT refund
• The fund argued that they provide taxable services similar to pension administration
• The court ruled that the fund is involved in insurance activities due to contractual obligations
• The fund is responsible for more than just administrative tasks, including determining investment policies and managing financial transactions
• The fund must pay premiums and manage risks to fulfill pension obligations

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.

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