VAT 2014 changes – Supply of services: tax obligation in VATTags: VAT 2014 Categories: NEWS & Events, RSS
Supply of services: tax obligation in VAT – changes in 2014.
Since 2014, as a general rule, tax obligation point shall be the moment when the services are provided.
The services provided partially for which payment was specified shall be considered as provided as well.
If, in connection with the provision of services consecutive terms of payment or settlement are set up, the service is deemed to be provided at the end of each period to which these payments or settlement refer, until the termination of the provision of the services.
For the service provided continuously for a period longer than one year, for which during a given year no terms of payment or settlement expire, the services are deemed to be provided at the end of each fiscal year, until the services are finally provided.