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V2180-19 ·14 August 2019 ·consulta-vinculante Medium impact
Tax

Financial intermediation may be VAT exempt if recruitment activities provide added value

A company sought clarification on whether its intermediation services for credit card contracting at physical stands were VAT exempt. The DGT explains that for the activity to be classified as exempt mediation, it must go beyond the mere provision of information or advertising.

In 6 key points

How it affects those involved

Companies providing financial intermediation services must ensure their activities involve substantive mediation rather than just information or marketing to qualify for VAT exemption.

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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