Cap. 395 чл. 29Time of business activity.

(1) Subject to the other provisions in this article -

(a) the sale of a product shall be deemed to take place at the time when the product is delivered or otherwise made available to the person buying the product;

(b) the provision of a service shall be deemed to take place on the date when the service is performed.

(2) Subject to the provisions of subarticle (3) when payment is received by the person carrying on a business activity before the time determined in accordance with subarticle (1), the sale or provision aforesaid shall, to the extent of the payment so made, be deemed to take place at such earlier time.

(3) When a tax invoice is issued before the time determined in accordance with the provisions of subarticle (1) or before the expiration of thirty-one days following the time determined as aforesaid, the sale or provision aforesaid shall, in respect of the value of that invoice, be deemed to take place at the time when the invoice is issued.

(4) When services are performed over a period for a conside-ration the whole or part of which is determined or payable periodically or from time to time, they shall be treated as separately and successively performed at the earlier of the following times:

(a) to the extent that a payment for such provision of services is received, the period covered by that payment;

(b) to the extent that a tax invoice is issued in respect of such provision of services, the period covered by that invoice, or as may be prescribed.