Chapter 3 - Supplies of Goods and Services
Article 20 - Date of Supply & Tax Due Date in Specific Circumstances [32][33]
In cases where services are supplied on a continuous basis and the agreement or contract relating to the supply stipulates payment at specific intervals on specific dates, resulting in the issuance of invoices on a continuous basis, the date of supply shall be the date on which the tax becomes due and payable, which shall be the date of payment, the actual date of payment, or the date of issuance of the invoice, whichever is earlier, at least once every twelve (12) consecutive months.[34]
In all other cases where supplies of goods or services are made on a continuous basis, thereafter a separate supply shall be deemed to have been made and shall be taxable from the date of issue of the invoice or the date of payment, whichever is earlier, to the extent of the value of the invoice or payment.
In the event that no payment is received or no invoice is issued for the ongoing supply of goods or services by the taxable person, the supply shall be deemed to have taken place twelve months after the date on which the supply of goods or services commenced, whichever is later of the following two dates:
the date of commencement of the supply of goods or services,
the earlier date on which the supply took place pursuant to the issuance of an invoice or payment.
After the supply of oil, gas, water, or electricity through a distribution network, which is not done on a continuous basis, it is deemed to have occurred and is taxable on the earlier of the following two dates:
the date of issuance of the invoice by the supplier for those goods,
the date of receipt of payment by the supplier for those goods.
The deemed supply resulting from the cessation of economic activity of the taxable person shall be deemed to have occurred and to be taxable on the date of cessation of economic activity or on the date of cancellation of registration of that specific person in accordance with the Law and these regulations.
A deemed supply arising as a result of the cessation of the economic activity of a taxable person, or due to the taxable person no longer being eligible for registration, shall be considered to have occurred, and tax shall become due on the earlier of: (i) the date of cessation of the economic activity; or (ii) the date of cancellation of that person’s registration.[35][36]