Skip to content
V2511-14 ·24 September 2014 ·consulta-vinculante Medium impact
Tax

Sale of pre-loaded gift cards is subject to VAT at the time of payment

A clothing company has requested clarification on whether the sale of non-nominative, pre-loaded gift cards is subject to VAT. The DGT has ruled that the purchase of the card constitutes an advance payment for identifiable goods; therefore, the tax becomes due at the moment the amount is collected.

In 5 key points

How it affects those involved

Businesses issuing pre-loaded gift cards must account for VAT at the point of sale rather than at the point of redemption.

Lifecycle

2014-09-24PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact