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V4140-16 ·27 September 2016 ·consulta-vinculante Medium impact
Tax

Payment institutions to be taxed at the general rate rather than the credit institution rate

A requesting entity inquired whether a company intended to be established to provide payment services and operate ATMs should be taxed at the general rate or the credit institution rate. The DGT ruled that, as it is a payment institution and not a credit institution, the general rate applies.

In 5 key points

How it affects those involved

This ruling clarifies the tax treatment for payment institutions, confirming they do not benefit from the preferential tax rates applicable to credit institutions.

Lifecycle

2016-09-27PublishedPublished 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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