Rule
A building contractor is liable for tax on income from the sale of apartments. The date of recognition of income: according to the progress of the construction or delivery of the apartment.
VAT
VAT obligation on the contractor: upon receipt of payment from the buyer or delivery of the apartment, whichever is earlier.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.