VAT exemption for investment consultancy to investment trust ...
Following a Supreme Tax Court case, the finance ministry has amended the VAT Implementation Decree to clarify that investment consultancy to investment trusts is VAT-free as the administration of fund assets if linked to a concrete recommendation to buy or sell based on precise knowledge of the fund’s portfolio and investment objectives and restrictions.
Kategorien: Official Pronouncements
Schlagwörter: investment consultancy, investment trust