On 7 March 2013, the Court of Justice of the European Union (“CJEU”) rendered its decision in the “GfBK” case (C-275/11), dealing with the question of whether investment advisory services in the fund industry benefit from a VAT exemption.
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Bruno Gasparotto is a Principal in the Tax Law practice of Arendt & Medernach where he specialises in VAT law, advising on both national and international issues where he focuses on the VAT aspects of financial transactions involving amongst others banks, SOPARFIS, investment funds and real estate companies. He also has extensive knowledge in the fields of industry, trading, retail and information technologies. Prior to joining Arendt & Medernach, he worked as a VAT manager within the Big Four firms and as head of the indirect tax department at the international level with Arcelor. He is a member of the VAT working groups of the Luxembourg Investment Funds Association (ALFI) and of the Luxem...
PRINCIPALThe EU Parliament adopted legislative amendments to the EU’s prudential regime for insurance and reinsurance undertakings, also known as Solvency II, that may incentivise (re)insurers to invest more in long-term capital, including in ELTIFs and AIFs with a lower risk profile.
