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.
The public consultation which was launched in this regard
closed in May 2021. In response to this consultation a Point
of View has been submitted on behalf of Deloitte’s EMEA
FSI Indirect tax network. Below we have included our
contribution.
Source: Deloitte
