Earlier this month, bill number 34755, which would modify the treatment of vouchers under the Dutch VAT Act, was introduced to the Dutch Parliament. The proposed law would differentiate between single use vouchers, defined as vouchers where the place of supply and amount of VAT on the supply are known at the time of the voucher’s issuance, and other vouchers. The transfer of a single use voucher would be considered a taxable act, while the transfers of other vouchers would be VAT free, with VAT collected on the actual delivery of goods or operation of service based on the value of the voucher. The proposal is meant to bring the Dutch VAT Act into conformity with EU Council Directive 2016/1065.
Amendment to Treatment of Vouchers Before Dutch Parliament
Andrew Decker
July 26, 2017
Sign up for Email Updates
Stay up to date with the latest tax and compliance updates that may impact your business.
Author
Andrew Decker
Andrew Decker is a Senior Regulatroy Counsel at Sovos Compliance. Within Sovo’s Regulatory Analysis function, Andrew focuses on international VAT and GST issues and domestic sales tax issues. Andrew received a B.A. in Economics from Bates College and J.D. at Northeastern University School of Law. Andrew is a member of the Massachusetts Bar.
Share this post