Voucher Types
Single-Purpose (SPV)
VAT treatment known at time of issue. Example: BHD 50 fashion store gift card (only standard-rated goods sold). VAT due when voucher is issued/sold. Each transfer in chain is a supply.
Multi-Purpose (MPV)
VAT treatment NOT known at issue. Example: BHD 50 mall gift card (stores sell standard + zero-rated + exempt). VAT due when voucher is redeemed. Issue/transfer is not a supply.
💡 Discount Vouchers
Discount vouchers (e.g., "20% off") are not the same as value vouchers. They reduce the consideration for a supply. VAT is calculated on the discounted price. Manufacturer coupons redeemed by retailers — manufacturer gives third-party consideration.