TTax
Urteil des EuGH (C-436/24, Rs. Skatteverket) zum Begriff des Gutscheins im Umsatzsteuergesetz
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  • 4 minute read

ECJ judgment (C-436/24, Case Skatteverket) on the definition of a voucher under VAT law

The ECJ clarifies the VAT treatment of loyalty points – but broader questions regarding vouchers remain unresolved. Judgment C-436/24 confirms that instruments requiring an additional purchase before redemption do not qualify as VAT vouchers. However, significant uncertainties remain regarding the distinction between VAT law and civil law concepts of vouchers.
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TTax
Erlass der Finanzverwaltung zur umsatzsteuerlichen Behandlung des An- und Verkaufs von Mehrzweck-Gutscheinen in Vertriebsketten Decree of the tax authorities on the VAT treatment of the purchase and sale of multi-purpose vouchers in distribution chains
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  • 5 minute read

Decree of the tax authorities on the VAT treatment of the purchase and sale of multi-purpose vouchers in distribution chains

A new tax authority decree provides clarity on the VAT treatment of multi-purpose vouchers in distribution chains – with significant practical implications. Businesses must reassess margin taxation and contractual structures. This article outlines the key developments, critical aspects and required actions.
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TTax
VAT Treatment of Trading in Non-Fungible Tokens (NFTs) 1
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  • 3 minute read

VAT Treatment of Trading in Non-Fungible Tokens (NFTs)

So far, there is no supreme court ruling or official administrative guidance on the VAT treatment of NFTs. A recent case before the Lower Saxony Tax Court involves a domestic entrepreneur who traded NFT “collectibles” via the OpenSea platform in 2021. The digital works themselves were not sold; instead, blockchain-based database entries were transferred. The sales were executed automatically via smart contracts, which are not considered legal contracts.
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