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V2177-19 ·14 August 2019 ·consulta-vinculante Medium impact
Tax

Financial brokerage services via software applications may be exempt from VAT

A company sought clarification on whether its financial brokerage, advertising, and data transfer services within an app were VAT-exempt. The DGT ruled that brokerage services may be exempt if they involve active customer acquisition and filtering, whereas advertising and data transfer services are not.

In 6 key points

How it affects those involved

Companies providing platform-based financial services must distinguish between exempt brokerage activities and taxable ancillary services such as advertising or data sales to ensure correct VAT compliance.

Lifecycle

2019-08-14PublishedPublished 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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