Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

19 April 2018

EBF(欧州銀行連盟)、VAT(付加価値税)適用除外の範囲拡大に係るVAT指令改正を要請


Default: Change to:


The scope of application of the VAT exemption related to the services supplied to their members by independent groups of persons has been strictly limited by recent decisions of the Court of Justice of the European Union, seriously affecting European banks.


This case law will lead to a significant increase of the cost of supplies of services between companies active in the financial and insurance sector, since VAT will be applicable on such services and the above mentioned taxable persons usually only benefit from limited input VAT deduction rights.

It is essential to secure the continued applicability of the IGP regime on the financial and insurance sectors.

Therefore the EBF has sent a letter to the Commission to urge them to submit draft legislation to amend the VAT Directive to that effect.

Full letter



© EBF


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment