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V3190-14 27 November 2014 · SG de Impuestos sobre el Consumo Criterion in force
IVA · mediación

Securities brokerage may be VAT exempt if mediation requirements are met

A taxpayer has enquired whether their activity of brokering the purchase and sale of securities and other assets is exempt from VAT. The DGT has ruled that the activity shall be exempt provided that the subject matter is a financial product as defined by law and the requirements for mediation services are satisfied.

The question raised

Cuestión planteada Si dicha actividad queda exenta del Impuesto sobre el Valor Añadido.

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