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V0333-23 ·20 February 2023 ·consulta-vinculante Medium impact
Tax

Credit and insurance brokerage may be VAT exempt if active mediation is performed

A taxpayer has enquired whether their mortgage credit and insurance brokerage services are exempt from VAT. The DGT ruled that exemption depends on whether the activity constitutes genuine mediation or is merely the provision of information or advertising.

In 6 key points

How it affects those involved

Businesses providing brokerage services must ensure they perform active mediation rather than just information provision to qualify for VAT exemption.

Lifecycle

2023-02-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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