In May 2022, we issued an alert on the Court of Justice of the European Union (CJEU) judgment regarding the VAT treatment of vouchers (Skatteverket v DSAB Destination Stockholm AB; case C-637/20 (DSAB), which was the first decision regarding the impact of the EU Vouchers Directive (Council Directive (EU) 2016/1065 of 27 June 2016, “Vouchers Directive”).
In this alert, we will focus on the Swiss and Swedish tax authorities’ approach to the tax treatment of vouchers. Before explaining the VAT practice applicable to vouchers, it is important to understand the EU VAT law perspective that forms the basis for Swedish VAT law and is to a large extent considered by the Swiss tax authorities and its legislative bodies. As a starting point, we will revisit the key EU VAT rules governing vouchers, but for a detailed summary of the DSAB decision, we refer to our previous alert.
Source: bakermckenzie.com
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