Ordinance
on Value Added Tax
(Value Added Tax Ordinance, VAT Ordinance)

(Art. 39 VAT Act)

1 On chan­ging from re­port­ing un­der the col­lec­ted con­sid­er­a­tions to re­port­ing un­der the agreed con­sid­er­a­tions meth­od, the tax­able per­son must in the re­port­ing peri­od fol­low­ing the change:

a.

re­port the tax on the debt­or items ex­ist­ing at the time of change; and

b.

de­duct the in­put taxes on the cred­it­or items ex­ist­ing at the time of change in con­nec­tion with the busi­ness activ­it­ies en­titling the in­put tax de­duc­tion.

2 On chan­ging from re­port­ing un­der the agreed con­sid­er­a­tions to the col­lec­ted con­sid­er­a­tions meth­od, the tax­able per­son must in the re­port­ing peri­od fol­low­ing the change:

a.

de­duct the debt­or items ex­ist­ing at the time of change from the con­sid­er­a­tions col­lec­ted in this re­port­ing peri­od; and

b.

de­duct the in­put taxes on the cred­it­or items ex­ist­ing at the time of the change from the in­put taxes paid in this re­port­ing peri­od.

3 If sim­ul­tan­eously with the change in the form of re­port­ing the re­port­ing meth­od un­der Art­icles 36 and 37 VAT Act is also changed, Art­icle 79 para­graph 4 or Art­icle 81 para­graph 6 ap­plies.