Tax for financial institutions Financial services tax – for banks, asset managers and insurance companies

We’ll advise you on all questions about corporate tax in the financial industry (banks, insurers and asset management). This includes all kinds of income taxes and tax arising from restructuring. National and international taxes are also included in our advisory portfolio.

We’re ready to answer all questions about tax paid by investors. We have the answers to what kinds of tax private and institutional investors are liable for and what kinds of capital gains tax apply to those selling products. 

All services and products offered by banks, insurers and asset management companies are subject to VAT. But in the financial sector in particular, there are complex relationships which require great care with regard to the appropriate VAT treatment and particularly to the scope of the relevant VAT exemptions and entitlements to reclaim input tax. Here, the right decisions need to be made as part of the general tax strategy, in order to achieve the best financial results. This tax strategy often has to be vigorously defended before the tax authorities, which tend to act restrictively. We’ll take care of that for you with clear communication and well thought-through, convincing arguments.

All services and products offered by banks, insurers and asset management companies are subject to VAT. But particularly in the financial sector, there are situations that are exempted from VAT. Here, the right decisions need to be made as part of the general tax strategy, in order to achieve the best financial results. This tax strategy typically has to be vigorously argued in front of the tax authorities. We’ll take of that for you with strong communication and legally water-tight and convincing arguments.

We support you in setting interest rates, deliver drafts and documentation on financial guidelines (for intercompany loans, cash pooling and guarantees) and assist you in disputes that occur from the challenges of local tax authorities due to your complex and cross-company financial structures. We offer you financial modelling, credit rating calculations for tax purposes and quantitative analyses to calculate risks.

Where financing is concerned, including loan-to-value calculations and the associated financial modelling and financial structuring, we’ll guide you through it in just the same way as we will with analysing interest rate benchmarks, corporate transactions and real estate acquisitions.

We’ll deliver drafts of transfer pricing models relating to fund structuring, asset management, profit allocation (head office services), (re)insurance transactions, granting loans (globally), intangible goods and technology and profit allocation in the case of (server) permanent establishments.