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V3196-16 8 July 2016 · SG de Impuestos sobre el Consumo Criterion in force
IVA · exención

State Management Agent activities are VAT exempt as insurance agent services

The applicant inquired whether their services as a State Management Agent regarding insurance coverage are exempt from VAT. The DGT determined that, although these are not insurance operations themselves, they do constitute exempt insurance agent services.

The question raised

Exemption of operations carried out by the State's Managing Agent.

The DGT's ruling

The provision of services by the Managing Agent does not constitute an insurance operation because it does not assume financial liability for losses. However, its services are exempt from VAT as they are services relating to insurance performed by agents, since it maintains a relationship with the State and with the insured, and participates in the conclusion of contracts.

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