- Recent court decisions on VAT impact the financial sector
- Swiss Federal Administrative Court reinforces trend towards limiting VAT exemption for securities intermediation
- Rulings challenge established practice for external asset managers and placement of equity instruments
- Trend towards narrowing VAT exemptions for intermediation services in financial area
- Financial industry players should reassess VAT qualifications to mitigate risks and explore tax efficiency opportunities
- EY offers services for indirect tax compliance, VAT, GST, sales and consumption taxes, and tax litigation services
- Recent decisions by Swiss Federal Administrative Court have far-reaching consequences for financial sector
- Denial of “independent” intermediary services besides wealth management in recent decision A-5793/2022
- EAM’s brokerage activities seen as ancillary to primary wealth management service
- EAM not considered to exercise independent intermediary activity
Source: ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
