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V2840-19 ·15 October 2019 ·consulta-vinculante Medium impact
Tax

Financial brokerage services may be VAT exempt if active mediation is performed

A company sought clarification on whether its brokerage services for credit card contracting (in-person or via telephone) were exempt from VAT. The DGT ruled that exemption depends on whether the activity constitutes genuine mediation rather than the mere provision of information or advertising.

In 6 key points

How it affects those involved

Companies providing financial brokerage must ensure their activities involve active mediation to qualify for VAT exemption, as purely informative or promotional services do not meet the criteria.

Lifecycle

2019-10-15PublishedPublished 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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