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V2059-22 ·23 September 2022 ·consulta-vinculante Medium impact
Tax

Transfer of multi-purpose vouchers is exempt from VAT; financial intermediation exemption depends on active mediation

A company has requested a ruling on whether the purchase of points (vouchers) for a loyalty programme and credit card intermediation services are subject to VAT. The DGT has determined that the transfer of multi-purpose vouchers is not subject to tax and that the exemption for intermediation depends on whether active mediation is performed or if it is merely the provision of information.

In 6 key points

How it affects those involved

This ruling clarifies the VAT treatment for loyalty schemes and financial intermediaries, distinguishing between exempt mediation services and taxable information provision.

Lifecycle

2022-09-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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