Skip to content
Back to index
V3302-17 27 December 2017 · SG de Impuestos sobre el Consumo Criterion in force
IVA · intermediación financiera

Financial intermediation is taxable but exempt from VAT if the service exceeds the mere provision of information

The taxpayer asks whether their activity of intermediating loan procurement is exempt from VAT. The DGT rules that the activity will be exempt provided that the mediation work goes beyond the simple receipt of applications or the provision of information.

The question raised

1.- Whether said activity is exempt from Value Added Tax.

The DGT's ruling

For financial mediation to be exempt pursuant to Article 20.One.18 of Law 37/1992, the mediator must be an independent third party who brings the parties together for a future contract. The work must go beyond the mere provision of information and the simple receipt of requests. If the activity meets these requirements, it shall be subject to but exempt from VAT.

Book your free first meeting