Value Added Tax
Many financial service institutions think that Value Added Tax (VAT) is not an issue because they are partly or fully exempt – they are wrong. As a result of the VAT exemption on financial services and insurance, VAT on purchases is a significant cost to the sector. With nearly 70 indirect tax professionals in our firm across Central Europe, including a specialist FSI team, we are well positioned to help you realise savings and focus on the task of successfully running your business.
Ask yourself:
- Do you know how much non-deductible VAT you incur every year on purchases?
- Are you aware of all the opportunities for reducing VAT costs?
- Do you have an in-house VAT specialist responsible for minimising VAT costs?
- Do you receive and read updates on new VAT opportunities and developments?
If the answer to any of the above is “no”, you should consider contacting our VAT experts.
Material on this website is © 2012 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/cz/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.