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V2100-18 16 July 2018 · SG de Impuestos sobre el Consumo Criterion in force
IVA · asesoramiento financiero

Financial advisory services to non-EU individuals are not subject to VAT

A consulting entity has requested clarification on whether its financial advisory and wealth management services provided to non-EU individuals (who are not entrepreneurs) are subject to VAT. The DGT has determined that the provision of these services is not subject to the tax.

The question raised

Subjectivity of said services to Value Added Tax.

The DGT's ruling

Advisory services provided to recipients who are not entrepreneurs or professionals and who are established outside the Community are not understood to be performed within the territory of application of the tax. As the recipients are non-EU natural persons, the provision is not subject to VAT.

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