VAT exemption for the management of venture capital funds - draft amendment to the German VAT Regulations

The VAT exemption for the management of venture capital funds has already been adopted by the so-called Act to Strengthen Germany as a Fund Jurisdiction, effective July 1, 2021. What has been missing so far, however, is a legal definition of the term “venture capital fund”. In his Steuerboard article, André Blischke sheds light on the corresponding draft amendment to the German VAT Regulations.