Value Added Tax Act (VAT)

Art. 48VAT from 2020

Art. 48 Constitution and prescription of the right to establish the acquisition tax debt

¹ The acquisition tax debt is incurred:

a.

with the payment of the consideration for the supply;

b.

in the case of taxable persons under Article 45 paragraph 2 letter a who report on the basis of agreed considerations (Art. 40 para. 1) at the time of receipt of the invoice, and for supplies without invoicing on payment of the consideration.

² Prescription of the right to establish the tax and legally binding effect are governed by Articles 42 and 43.