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BMF Guidance on Multi-Purpose Voucher Distribution Chains

  • The BMF clarified VAT treatment for multi-purpose vouchers in distribution chains, treating intermediaries as providing a sales-promoting intermediation service rather than just handling payment instruments.
  • If no remuneration is agreed, the service fee is generally the difference between the voucher’s issue price and the price paid by the voucher issuer.
  • For chains with multiple intermediaries, the taxable base is the difference between the voucher’s face value and the intermediary’s purchase price, unless otherwise agreed.
  • The German VAT Application Decree has been updated accordingly, with the rules applying to all open cases.
  • If a maximum resale price is set for the end customer, that price determines the relevant taxable amount.

Source: assets.kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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