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V3226-17 ·15 December 2017 ·consulta-vinculante Medium impact
Tax

Financial intermediation by independent agents is VAT exempt if their role is mediation

A vehicle marketing company enquired whether financial intermediation carried out by independent agents to obtain loans is exempt from VAT. The DGT ruled that if the agents' role constitutes genuine mediation rather than mere subcontracting, the activity is exempt.

In 6 key points

How it affects those involved

This ruling clarifies the distinction between genuine mediation and subcontracting, providing legal certainty for independent agents regarding VAT exemptions on financial services.

Lifecycle

2017-12-15PublishedPublished 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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