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V0846-20 ·14 April 2020 ·consulta-vinculante Medium impact
Tax

Financial mediation services may be VAT exempt if independence and functional requirements are met

A lawyer acting as a financial agent seeks clarification on whether their mediation services are VAT exempt and how to manage input tax deductions. The DGT indicates that mediation is exempt if the agent is an independent third party who does more than merely provide information and assists in finalising the transaction. Furthermore, the agent must apply separate deduction regimes for different business sectors.

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2020-04-14PublishedPublished 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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