Cap. 406 Art. 19Rate of tax.

(1) The tax chargeable on every taxable supply, other than a supply referred to in sub-article (2), shall be at the rate of eighteen per cent of the taxable value of the supply.

(2) The tax chargeable on every taxable supply specified in the

Eighth Schedule shall be at such rate or rates, not being higher than eighteen per cent or lower than five per cent of the taxable value of the supply, as specified in that Schedule.

(3) The tax chargeable on every taxable intra-community acquisition of goods shall be that applicable to the supply of like goods in terms of the foregoing provisions of this article.

(4) The tax chargeable on every taxable importation, other than an importation referred to in sub-article (5), shall be at the rate of eighteen per cent of the taxable value of the importation.

(5) The tax chargeable on every taxable importation as may be specified in the Eighth Schedule shall be at such rate or rates, not being higher than eighteen per cent or lower than five per cent of the taxable value of the importation, as may specified in that Schedule.