The 2012 worldwide VAT, GST and sales tax guide

584 S LOVAK REPUBLIC
E. Time of supply
The time when VAT becomes due is called the “chargeability of
tax” or “tax point.” In the Slovak Republic, VAT generally becomes
chargeable on the date on which goods are supplied or services
are performed.
Under the general rule, the tax point for goods or services is the
date of the supply of the goods or services, or the date of the
receipt of the payment, whichever is earlier. The date of supply of
goods is the date of acquisition of the right to dispose of the goods
as owner.
Continuous supplies of goods and services. If goods or services
are supplied in parts or repeatedly, the goods or services are considered
to be supplied on the last day of the period to which the
payment for the goods or services relates.
If a payment for partial or repeated supplies of goods or services
is agreed to for a period exceeding 12 calendar months, the tax
point arises on the last day of the 12th month, until the supply of
goods or services is finished.
A special rule applies if the following circumstances exist:
• A service is supplied partially or repeatedly during a period
exceeding 12 calendar months and the agreed payment is for a
period exceeding 12 calendar months.
• The service is supplied to a taxable person acting as such.
• The place of supply is in the Slovak Republic.
• The person required to pay VAT is the recipient of the service.
In the circumstances mentioned above, the tax point arises on
31 December of each calendar year, until the supply of such service
is finished.
Specific rules also apply to partial or repeated supplies of leases
of immovable property and partial or repeated supplies of electronic
communication networks and electronic communication
services.
Intra-Community supplies and acquisitions of goods. The tax point
for goods that are supplied to another EU member state and that
meet the conditions for exemption from VAT in the Slovak
Republic is either the date of the issuance of the invoice or the
15th day of the calendar month following the month in which the
goods are supplied, whichever is earlier.
For intra-Community acquisitions, the tax point is either the date
of the issuance of the invoice or the 15th day of the calendar month
following the month in which the goods are acquired, whichever
is earlier.
Reverse-charge services received. For reverse-charge services
received by a Slovak taxable person, VAT becomes chargeable on
the date of supply of the service. Different rules apply to reversecharge
services supplied in parts or repeatedly (see Continuous
supplies of goods and services ).
Immovable property. The tax point for a transfer of real estate is
the date on which the transfer of the property is registered in the