Germany MOF Clarifies VAT Treatment of Services by Intermediaries Trading Multi-Purpose Vouchers

The German Ministry of Finance April 29 posted BMF Letter No. COO.7005.100.2.14728744, clarifying the VAT treatment of services by intermediaries trading multi-purpose vouchers. The letter includes: 1) a clarification that the taxable amount for an intermediary’s service is determined as the difference between the voucher issue price and the purchase price, where no agreement on remuneration exists; 2) that the determination applies to the intermediary issuing the voucher in its own name and on its own account, and to multiple intermediaries involved in a distribution chain; and 3) a relevant example. [Germany, Ministry of Finance, 04/29/26]

Reference: View BMF Letter ...