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V2118-19 ·12 August 2019 ·consulta-vinculante Medium impact
Tax

Telephone-based financial intermediation may be VAT exempt if active mediation is performed

A company sought clarification on whether its telephone intermediation services for credit card procurement were exempt from VAT. The DGT ruled that the activity is exempt provided it is not merely the supply of information or advertising, but constitutes genuine mediation that provides added value.

In 6 key points

How it affects those involved

Companies providing financial brokerage via telephone must ensure their role involves active mediation rather than simple information provision to qualify for VAT exemption.

Lifecycle

2019-08-12PublishedPublished 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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