“Ivaucher”: The VAT that goes and comes back!

The “Ivaucher” programme and its duration was approved by Ministerial Order no. 119/2021, of 7 June.

This program has a temporary nature and is aimed at private consumption at restaurants, hotels and cultural events.

By joining this programme, individual taxpayers who are final consumers will benefit from a voucher for use (in the three sectors mentioned) in the second phase of the programme – between 1 October 2021 and 31 December 2021 – corresponding to the amount of VAT paid on consumption in these sectors during the first phase of the programme – between 1 June and 31 August 2021.

In the second phase, the value of the VAT accumulated during the first phase may be discounted in the consumption to be made in the same sectors during the second phase, with a limit of 50% of the value of each invoice. For this purpose, the final consumer only needs to request an invoice with their NIF, and it is not necessary for their tax situation to be in order.