Based on current regulations, VNC Consulting provides reference information on Tax Policy on Invoices and Vouchers when using Vouchers, Gift Vouchers as follows:
In case ABC Company (hereinafter referred to as the Company) buys vouchers (gift vouchers) of goods and service suppliers as prizes for customers in the Company’s advertising programs or resells them to other partners, when collecting payments, suppliers of goods and services (the seller of vouchers, gift vouchers) shall make invoices. When customers use vouchers (gift vouchers) to buy goods and services, it is the time when the seller (goods and service suppliers) issues invoices and declares tax according to regulations.
When ABC Company sells these vouchers (gift vouchers) to partners, the Company does not have to issue invoices but make receipts, partners who buy vouchers (gift vouchers) make payment slips according to regulations.