Section 10: Rate of VAT

10. Rate of VAT (1) Subject to section 51, VAT shall be charged at the rate specified in the Fourth Schedule and shall be charged— (a) on a taxable supply, by reference to the value of the supply as determined under section 12; and (b) on the importation of goods, other than those specified in the First Schedule, by reference to the value of the goods as determined under section 13. (2) Notwithstanding any other enactment or agreement and subject to subsections (3) and (4), where the rate of tax is varied before the supply of any goods or services takes place pursuant to section 5, the rate of tax on the supply of those goods or services shall be carried as from the date of the variation. [Issue 10] V4 – 10 Revised Laws of Mauritius (3) Where, in the course of the execution of a contract for the supply of any goods or services, the rate of tax is varied, the rate of tax on the supply of those goods or services shall be varied with respect to the remaining part of the contract as from the date of the variation. (4) Where, in respect of a continuous supply of services, invoices are issued at regular intervals and the rate of tax is varied, the rate of tax on the supply of those services shall be varied as from the date of the variation. [S. 10 amended by Act 18 of 1999; s. 31 (d) of Act 20 of 2002 w.e.f. 1 July 2002.]