VAT
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.
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