Indirect tax ebook - Argentina

Time of supply rules 

Liability to IVA arises:

1. with respect to sales, upon delivery of goods, issue of invoice or a similar act, whichever is the first to occur. When the sales price of natural products is fixed after delivery, the liability to IVA arises upon the establishment of the price; 
2. with respect to the supply of electric power or gas regulated by metre, at the end of the period established for payment or upon actual (total or partial) payment, whichever is the first to occur; 
3. with respect to services and work, in general, upon completion of the service or work or upon (total or partial) payment of the consideration, whichever is the first to occur;
4. with respect to services and work performed on goods, upon delivery of the goods or issue of the respective invoice, whichever is the first to occur;
5. with respect to the leasing and rent of property and for telecommunication services, at the end of the period established for payment or upon actual payment, whichever is the first to occur;
6. with respect to leasing and services supplied for consideration which is calculated based on the amount or units of sales, production, exploitation or similar indexes and which is paid periodically during the use or enjoyment of movable property, upon accrual or payment of the consideration, whichever occurs first;
7. with respect to construction work carried out on immovable property belonging to another person, upon acceptance of the "certificate of work" (issued by municipalities on completion of construction) or upon (total or partial) payment, or upon the issue of the invoice, whichever is the first to occur;
8. with respect to interest and other financial income, upon maturity or upon (total or partial) payment, whichever occurs first;
9. with respect to construction work carried out by the owner of immovable property (directly or through third persons), upon the sale of the property.
10. with respect to the import of services, liability arises upon the payment of the services or on the date the service is finished (on the relevant deadline for which the interest payment is due, in case of financial services), whichever is first.
    

When advance payments which establish the price are made, the liability to VAT arises in respect of amounts received when they are collected.

In general, liability to VAT also arises when the goods which are the object of a transaction are placed at the purchaser's disposal in accordance with the Commercial Code.

• Introduction
• Scope
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• Tax rates
• Reporting & Filing
• General tax application/Time of supply
• Other local requirements

Last updated 11 November 2009

This information has been provided by Grant Thornton Argentina, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Argentina nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
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