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V0476-22 ·10 March 2022 ·consulta-vinculante Medium impact
Tax

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

A query was raised regarding whether the Financial Transaction Tax (FTT) amount should be included in 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 part 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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