Dutch-registered CLO costs to jump 10bp as managers face VAT bill

By Hugh Minch

CLO special purpose vehicles in the Netherlands are to be clogged with a 21% VAT bill on management fees, according to market sources, a blow to equity investors in around 20% of European CLOs

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TAGS: Europe Regulation CLO

Comment by: Hugh Minch. Posted 1 month ago [2020-02-21 16:50:47]

Correction: the tax must be paid on all CLOs domiciled in the Netherlands, plus backpayments dating back to April 1 2019. A previous version of this story incorrectly said the tax would only be paid by CLOs priced after April 1 2019. We apologise for the confusion.