Types of Gift Vouchers – Tax Treatment#
There are two main types of gift vouchers:#
1. Single-Purpose Voucher (SPV)Used for goods or services where VAT and the place of taxation are known in advance.
The purchase or transfer of the voucher is treated as if the goods/services were sold at that moment, and VAT is charged accordingly.
Used when VAT or the place of taxation is not known in advance.
VAT is only calculated when the voucher is redeemed.
📌
This distinction clarifies when a voucher is taxed immediately and when taxation occurs upon redemption.
Single-Purpose Voucher (SPV)#
📌 Invoice Issuance Process for SPV:1. When purchasing the gift card:
An 11.1 invoice is issued with standard VAT.2. When the recipient redeems the gift card:
A new 11.1 invoice is issued with a discount equal to the gift card value. If the product/service has the same value as the gift card, the final invoice amount is zero.3. If the product/service value is higher:The gift card amount is recorded using recType or as a discount.
The remaining balance is recorded with standard classifications and VAT.
Multi-Purpose Voucher (MPV)#
📌 Invoice Issuance Process for MPV:1. When purchasing the gift card:A 11.1 invoice is issued with noVat: true and classification 1_95.
A 11.1 invoice is issued with recType: 6, without VAT or classifications.
Instead of issuing a 11.1 invoice, an 8.4 (POS Collection Receipt) can be issued at the time of purchase.
Modified at 2025-02-05 14:06:59
