LEXICON ATTORMEY’S INTERPRETATION ON ISSUANCE OF EFD AS PER TAX ADMINISTRATION ACT CAP 438 R.E 2019

Section 3 of the TAA (Tax Administration Act), Cap. 438 R.E 2019 on Time of supply

” b). in relation to supply of services the time at which the services are rendered, provided or performed”

 

In the context of the above law, the terms “rendered,” “provided,” and “performed” are used to pinpoint the exact time when the services are considered to be supplied. They are in present simple passive tense.

 

This is important for determining when a transaction is recognized for legal and tax purposes.

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