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V3212-19 22 November 2019 · SG de Impuestos sobre el Consumo Criterion in force
IVA · bono polivalente

Redeemable vouchers in the Canary Islands are considered multi-purpose; transfer may be taxed as distribution or mediation services

A company markets vouchers redeemable in both mainland Spain and the Canary Islands. The DGT rules that, as the specific tax treatment (VAT or IGIC) cannot be determined with certainty at the time of issuance, these vouchers are classified as multi-purpose.

The question raised

Treatment of said operations for Value Added Tax purposes.

The DGT's ruling

As they are multi-purpose vouchers, their transfer does not constitute the delivery of the underlying good or service. If the entity acts on its own behalf, the transfer is taxed as a distribution or promotion service with a tax base based on the margin and a rate of 21%. If it acts on behalf and for the account of another, it is taxed as a mediation service on the agreed commission.

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