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V1282-17 25 May 2017 · SG de Impuestos sobre el Consumo Criterion in force
IVA · bono polivalente

Distribution services for multi-purpose vouchers taxed on profit margin at 21% VAT

A telecommunications company has requested a ruling on the VAT treatment of vouchers exchangeable for various services (multi-purpose vouchers). The Directorate General for Taxes (DGT) has determined that the distribution of these vouchers constitutes a service subject to VAT and that the taxable amount must be calculated using the margin scheme.

The question raised

Classification of redeemable coupons as multi-purpose vouchers in accordance with Directive 2016/1065 of 27 June, as well as the taxation of the issuance and distribution operations thereof among end users.

The DGT's ruling

The transfer of a multi-purpose voucher by a taxable person other than the one providing the final service constitutes a distribution or promotion service subject to VAT. The taxable amount of said service is determined through a margin scheme, being the difference between the sale price of the voucher and its acquisition value (including VAT). In the event that the issuer is also the distributor, the taxable amount shall be the difference between the sale price and the amount they are obliged to deliver to the final provider upon redemption. The general rate of 21% shall apply.

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