Ebba Perman Borg
Partner
Stockholm
Newsletter
by Ebba Perman Borg
Published:
The Supreme Administrative Court ruled on 30 December 2024 that advice and support services regarding regulatory compliance and risk management provided to second-line control functions at fund management companies, do not qualify as fund management services exempt from VAT.
A consultancy firm sought an advance ruling to determine whether its services, consisting of advice and support on regulatory compliance and risk management for second-line control functions at fund management companies, constituted fund management services exempt from VAT. The Supreme Administrative Court, in line with the Tax Board's decision, concluded that these services are not covered by the VAT exemption.