VAT treatment of retail vouchers in the Netherlands | KPMG | GLOBAL

Netherlands: Proposed legislation, VAT treatment of retail vouchers

VAT treatment of retail vouchers in the Netherlands

Proposed legislation for the value added tax (VAT) treatment of vouchers, as published this week, would affect retailers with promotional or loyalty programs. The legislation has an effective date of 1 January 2019.

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The Dutch bill follows the EU Voucher Directive, and is designed to harmonize the VAT treatment of vouchers within the EU. To date, there has been no specific legislation for the VAT treatment of vouchers, either in the Netherlands or within the EU. The bill would introduces a new legal framework and new concepts and VAT treatment of a “voucher” or a “single-purpose voucher” and “multi-purpose voucher.”

 

Read a July 2017 report prepared by the KPMG member firm in the Netherlands

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