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V1007-25 ·12 June 2025 ·consulta-vinculante Medium impact
Tax

Outsourced portfolio management services may be VAT liable if effectively used in Spain

A Swiss resident asks whether discretionary portfolio management provided in Spain is subject to VAT. The DGT states that while the general rule for non-EU residents is exemption, the effective use and exploitation criterion in Spanish territory may apply.

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2025-06-12PublishedPublished 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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