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V0475-22 ·10 March 2022 ·consulta-vinculante Medium impact
Tax

Financial Transaction Tax should not be included in the VAT taxable amount for intermediary services

A query was raised regarding whether the Financial Transaction Tax (FTT) amount should form part of the VAT taxable base for services provided by a financial intermediary. The DGT ruled that it should not, as the FTT is linked to the purchase of securities rather than to the intermediation service itself.

In 6 key points

How it affects those involved

This ruling clarifies that the FTT is not a component of the consideration for intermediation services, preventing the tax from being subject to VAT.

Lifecycle

2022-03-10PublishedPublished 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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