Since 1 January 2019, special taxation rules have applied to vouchers. Due to different taxation consequences, a distinction must be made between so-called single-purpose vouchers (cf. Section 3 paragraph 14 German VAT Act) and so-called multi-purpose vouchers (Section 3 paragraph 15 German VAT Act) when issuing or transferring vouchers. A single-purpose voucher is assumed if the place of the supply of goods or services to which the voucher relates and the VAT due for these transactions are definite at the time the voucher is issued. For single-purpose vouchers, VAT is therefore already incurred when the voucher is issued or transferred, whereas for multi-purpose vouchers, the actual redemption and the associated purchase of goods and services leads to the incurrence of VAT.
Source WTS
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