Taxation & Accounting

EFAMA discusses all relevant tax topics with importance to the European asset management industry, such as Tax transparency packages or EU FTT, OECD topics including several actions inserted in the Base Erosion and Profit Shifting (BEPS) project, and all kinds of national developments in case they have an impact on regulated EU investment funds. The focus lays on mainstream funds but we may discuss alternative investment fund tax-related issues, if they are of broad relevance.

Related policy positions

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Policy Position

Tax ＆ Accounting

Accounting

11 May 2021

EFAMA's reply to IASB's Request for Information on the Post-implementation Review (PIR) of IFRS 10, 11 and 12

EFAMA replied to IASB’s Request for Information on the Post-Implementation Review of IFRS 10, 11 and 12. We are delighted to see an investment entity within the funds industry being acknowledged and catered for in IFRS. The development of the consolidation standards was a very welcomed development in the asset management world.

Policy position

Tax ＆ Accounting

VAT

03 May 2021

VAT rules for financial and insurance services today and tomorrow

EFAMA commented on the current VAT rules for financial services and their functioning, as well as on possible changes to these rules, in a public consultation of the European Commission.

Policy position

EFAMA Comments European Commission’s public consultation on EU Digital Levy

Tax ＆ Accounting

13 April 2021

European Commission consultation on EU Digital Levy

The Commission launched a public consultation ahead of the presentation of a legislative proposal to introduce an EU Digital Levy by January 2023. For EFAMA, any new tax legislation on “digital activities” (or “digital transactions”) should not be borne by the end-investors. Our understanding is that the industry’s activities should not be in scope of the new tax.

EFAMA comments on the European Commission’s public consultation on the recast of EU rules on Administrative Cooperation in the field of Taxation

Viewpoint

Tax ＆ Accounting

24 June 2025

The DEBRA Proposal and the Savings and Investment Union Action Plan

This article was first published in the 23rd edition of the Fact Book on 24 June 2025.

Policy Position

Tax ＆ Accounting

29 July 2024

EFAMA’s statement for the European Commission’s evaluation of the Directive on Administrative Cooperation (DAC)

EFAMA welcomes the launch of this public consultation to evaluate and assess the effectiveness, efficiency and continued relevance of the DAC and its amendments (DAC2 to DAC6), as well as its coherence with other policy initiatives, priorities and the EU added value.

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Related publications

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Capital Markets

Data

EU Fund regulation

Management Companies

AIFMD

Tax ＆ Accounting

26 November 2020

Asset Management in Europe - An Overview of the Asset Management Industry - November 2020

The report aims to provide a unique and comprehensive set of facts and figures on the state of the industry at the end of 2018 but also to highlight the fundamental role of asset managers in the financial system and wider economy.

Publication