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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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