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V2501-19 17 September 2019 · SG de Impuestos sobre el Consumo Criterion in force
IVA · base imponible

Investment advisory services are subject to VAT and their taxable base excludes prior discounts

A credit institution asks how to value the taxable base of investment advisory services. The DGT responds that the agreed amount minus discounts or bonuses granted prior to or simultaneously with the transaction must be used.

The question raised

Question raised Taxable base of said services

The DGT's ruling

The taxable base for investment advisory services is the agreed amount reduced by the discounts or bonuses granted prior to or simultaneously with the time of the transaction. If the service is provided free of charge or for a symbolic consideration, it is considered self-consumption of services subject to VAT, with its taxable base determined by the cost of providing the service.

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