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Indirect Tax for Financial Services


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Insurance and reinsurance transactions, including related services performed by insurance brokers and agents, are exempt from value added tax (VAT) in the European Union. However, the European Court of Justice recently ruled that this exemption does not apply to a transfer, for consideration, of a portfolio of insurance contracts. As a result of this decision, insurance companies that plan to transfer insurance contracts to or from European entities should carefully consider the VAT consequences of those transactions.

Deloitte’s team of VAT specialists provide insightful information for U.S.-based multinationals regarding VAT issues affecting their businesses and transactions. We can assist you in exploring options for:

  • Selling into or setting up operations in a new country
  • Managing costs and revenues in supply chains and across distribution channels
  • Managing the tax implications of mergers, acquisitions, and corporate restructuring

Download the PDF below to learn more Deloitte's Indirect Tax - Transfer of Insurance Contracts.

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