Banking industry and tax challenges

Why choose Deloitte as your trusted business partner?

Banking industry and tax challenges

Why choose Deloitte as your trusted business partner?


Responding to the financial industry’s ongoing transformation

For several years, the banking industry has been undergoing a major transformation. New compliance requirements, digital challengers entering the market, the rise of artificial intelligence (AI) and the expectations of new generations are driving the industry to reinvent itself and place innovation at the heart of its strategy.

Increasing regulations (e.g., DAC 6, the first and second Anti-Tax Avoidance Directives and the Multilateral Instrument), the growing cost of compliance, and new challenges such as Brexit and the COVID-19 pandemic have stressed financial industry players’ existing ways of working and operating models, leading them to revisit their organizations and business models. All these changes and challenges also offer opportunities that are ripe to be seized by the industry.

If tax was sometimes viewed as a mere cost to suffer in the past, the rise of tax governance and policy topics has made tax a major part of organizations’ strategies. At any moment, tax is a key component of the lifespan of a financial institution or its clients, including its setup, reorganization, organic growth and innovation. If properly managed, tax can also boost and accompany players’ business strategies, for example with tax incentives and environmental, social and governance (ESG) tax topics.


Be not only your trusted tax advisor but above all your business partner

1. How can we help?

Together, we can identify all your needs and tax constraints

Welcome pack—smoothing your arrival

2. How can you ensure you are tax compliant?

We can offer you ongoing tax assistance in your day-to-day business for you and your clients.

3. How can we support your growth and development?

Helping you with your merger and acquisition (M&A) transactions

Complying with your VAT obligations

Assisting you in tax disputes

4. Need to restructure the business? We can certainly offer our expertise

Making sure your envisaged restructure is efficient

Exit support—making your exit safe

5. How can we help to add value to your products and services?

International tax

Private wealth services

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Eric Centi

Financial Services Tax
Tel: +352 45145 2162

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Raphaël Glohr

Indirect Tax - VAT
Tel: +352 45145 2665

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Enrique Marchesi

Tax / Transfer Pricing
Tel: +352 45145 2504

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Julien Lamotte

Global Employer Services | Financial Services Tax
Tel: +352 45145 3336

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