General supply of goods or services

VAT-Time for General supply of goods or services

There are three cases for the time of supply of goods or services as follows:

1. Sale: The time of supply of goods or services shall be the time the supplier must issue the invoice or the time the supplier issued the invoice if that invoice is issued before the time it is required to be issued by the supplier. The supplier shall issue a tax invoice within 7 days of the delivery of goods or completion of the performance of services or the payment if the payment is made before the delivery of goods or completion of the performance of services.
2. Own use: Where goods are applied to own use, the time of supply is the time at which the goods are first applied to own use.
3. Gift: Where goods or services are supplied by way of gift, the time of supply is the time at which the goods are delivered whether that delivery takes on the characteristic of a transfer of the right to use or to dispose, or performance of the services is completed.

The time of supply of goods or services shall be determined to calculate the amount of tax for each tax period that the taxpayers must declare and pay to the Tax Department.