Chargeable Event and Chargeability of Tax in the Case of Supply of Goods or Services

Art. 25.

(1)

The chargeable event, within the meaning of this Law, shall occur at the earlier date of either:

1. The date of the transfer of ownership or another right in rem over the goods or the date of completion of the service; or
2. The payment date (full or partial downpayment).

(2)

Where it is impossible to identify the date of the chargeable event, it shall be presumed to have occurred on the date of the physical delivery of the goods or the date of the actual completion of the service.

(3)

On the date of the chargeable event:

1. The tax under this Law shall become chargeable for the taxable supplies and the obligation of the registered person to accrue it shall occur; or
2. There occur grounds for exemption from accruing the tax on the exempted supplies.