Invest Europe

Invest Europe comments on the upcoming review of the VAT rules for financial and insurance services

Positions & consultation responses

05 Jun 2025

In this letter Invest Europe addresses the European Commission's upcoming review of VAT rules for financial and insurance services, emphasizing the critical importance of maintaining and harmonizing the VAT exemption for fund management across the EU. It argues that inconsistent interpretations among Member States create uncertainty and undermine competitiveness, especially for private equity and venture capital funds. Invest Europe urges the Commission to preserve the current exemptions to avoid increased costs and reduced investment in EU businesses, which would negatively impact economic growth and innovation.