Skip to content
Back to index
V1942-16 5 May 2016 · SG de Impuestos sobre el Consumo Criterion in force
IVA · exención

ATM services for withdrawals, deposits, or bill payments are exempt from VAT

An entity has requested clarification on whether its ATM network services (cash withdrawals, balance enquiries, advertising, etc.) are exempt from VAT. The DGT has determined that financial operations are exempt, and that balance enquiries and PIN changes are ancillary services and therefore also exempt, whereas advertising services are subject to VAT.

The question raised

Exemption of the operations performed.

The DGT's ruling

Withdrawal, deposit, or transfer operations and the payment of bills are financial services exempt from VAT. Services for checking balances, transactions, or PIN changes are considered ancillary services to the main financial operation and are, therefore, also exempt. However, advertising exploitation on ATMs is neither financial in nature nor ancillary, and is thus subject to the general VAT rate.

Book your free first meeting