EU Parliament pushes 200 amendments on VAT and other taxes on banking & insurance The European Parliament in April 2026 has tabled over 200 amendments to its draft report on a coherent tax framework for the financial sector, with VAT reform emerging as a central
ECON calls for reform of the EU Financial Services VAT exemption Clearly identifiable fees and commissions to facilitate levying VAT; Clarify VAT treatment of emerging services; and Simplify and harmonise– VAT grouping and cost-sharing mechanisms. The European Parliament’s Committee on Economic and Monetary Affairs (ECON)
2026-32 VAT banking, loans, insurance and financial services regime based on non-cumulative system Brazil is set to replace its vastly complex indirect tax regime with VAT in a 2026-32 phased launch. This includes implementing VAT on banking, insurance and other financial services. Brazil will be
2023 budget restates aim to review VAT treatment of banking, fintech and insurance In yesterday’s annual Budget, the UK Chancellor confirmed ongoing work to review the current VAT exemption for financial services. In addition to Value Added Tax, this will cover Insurance Premium Taxes which
VAT saving opportunities for banks, credit and securities businesses The French 2022 finance bill includes a proposal to ease the terms under which financial services business may opt for taxation (VAT). This would enable banking, and other players in the sector (excluding insurance) to waive
25 reforms – improve VAT and other taxes’ fairness and simplicity The European Commission (EU) unveiled its Tax Action Plan in July 2020, a range of 25 Value Added Tax and other tax reforms to improve the efficiency and fairness of tax collections across the twenty
