The Future of VAT in Financial Services and Insurance for non-FSI parties

As part of its efforts to simplify the EU VAT rules the European Commission has launched an initiative to revise the EU VAT rules for financial services and insurance (FSI). These rules are criticized for being complex, difficult to apply and not having kept pace with the development of new (digital) services. It’s obvious that any revision of the VAT rules for financial services will impact the FSI sector.

Source Deloitte