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V1866-20 9 June 2020 · SG de Impuestos sobre el Consumo Criterion in force
IVA · bono univalente

Whether issuing an invoice for a voucher is mandatory depends on whether the issuer acts on their own behalf or on behalf of another

An individual purchased a voucher in Ireland to redeem it for a car rental in Spain, but both entities refused to issue an invoice. The DGT clarifies that if the issuer acts on their own behalf, it is a univalent voucher and they must issue the invoice; if they act on behalf of another, the obligation lies with the service provider.

The question raised

Taxation of the operation regarding Value Added Tax, as well as determining to whom the obligation to issue the invoice belongs.

The DGT's ruling

If the bond issuer acts on its own behalf, it is a univalent bond and the obligation to issue the invoice falls upon said issuing entity. If the issuing entity acts on behalf and for the account of another, the obligation to issue the invoice lies with the company that effectively provides the service. The service provider must not charge VAT to the bondholder at the time of redemption, as this was already borne upon the acquisition of the bond.

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