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ARTICLE · 24 JUNE 2021

Favourable CJEU Clarification On The VAT Exemption For Fund Management Services

Arendt & Medernach
Arendt & Medernach
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Arendt & Medernach

Arendt & Medernach

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On 17 june 2021, the Court of Justıce of the European Unıon (CJEU) rendered ıts judgment ın joıned cases K (c-58/20) and DBKAG (c-59/20) dealıng wıth the questıon of whıch condıtıons must exıst ın

LuxembourgFinance and Banking
Bruno Gasparotto
Bruno Gasparotto
Sophie Weyten
Sophie Weyten
Nicolas Conrad
Nicolas Conrad
Aleksandra Gburzynska
Aleksandra Gburzynska
Claire Schmitt
Claire Schmitt
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On 17 June 2021, the Court of Justıce of the European Unıon (CJEU) rendered ıts judgment ın joıned cases K (c-58/20) and DBKAG (c-59/20) dealıng wıth the questıon of whıch condıtıons must exıst ın order for servıces rendered by a thırd-party supplıer to the management company of an ınvestment fund to qualıfy for the VAT exemptıon for fund management servıces.

In the first case, a third-party supplier provided tax-related services consisting of ensuring that the income received by unit-holders from investment funds would be taxed in accordance with national law. In the second case, a third-party supplier granted a right to use specialist software designed solely for risk management and performance evaluation of qualifying investment funds.

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