EFAMA comments the European Commission's ViDA Proposal and welcomes the consistency of the proposal and the fact that VAT-exempt services will not be covered by the new DDR. With this solution, the proposal should allow tax authorities to focus on the real risk of tax fraud cases and should not create new burdensome procedures/compliance obligations that would represent new costs that in the end would be imposed on clients/consumers (e.g. end investors) for no reason.
ELTIF Regulation 2.0 FAQ
Since the new European Long-Term Investment Fund (ELTIF) Regulation became applicable in 2024, numerous regulatory technical standards have been published by the European Commission. In light of these important additions, EFAMA and Arendt have updated their ‘Frequently Asked Questions’ publication, intended for asset managers and investors alike. This includes important clarifications on portfolio composition, allowable assets, redemptions, liquidity management, use of ELTIFs in pension and insurance products, and more.
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