VAT exemption for alternative investment fund management

• The German tax authorities have issued a letter introducing a VAT exemption for the management of alternative investment funds
• The scope of the VAT exemption has been expanded to include all alternative investment funds (AIF) under the Capital Investment Code
• The exemption now applies to the management of various types of investment funds, including OGAW, AIF, and pension funds
• Administrative services for all AIF are now VAT exempt, including venture capital funds
• The need to compare AIF with OGAW for VAT exemption has been eliminated
• The rules are to be applied to transactions after December 31, 2023 according to the updated UStAE regulations.

Source: haufe.de

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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