s 16 Rate of tax
16. Tax is charged at the rate of —(a) 4% for the period from 1 January 2003 to 31 December 2003 (both dates inclusive); (b) 5% for the period from 1 January 2004 to 30 June 2007 (both dates inclusive); [Act 35 of 2022 wef 05/12/2022] (c) 7% for the period from 1 July 2007 to 31 December 2022 (both dates inclusive);[Act 35 of 2022 wef 05/12/2022] (ca) 8% for the period from 1 January 2023 to 31 December 2023 (both dates inclusive); and[Act 35 of 2022 wef 05/12/2022] (cb) 9% from and including 1 January 2024, and is charged on — (d) the supply of goods or services (including a reverse charge supply), by reference to the value of the supply as determined under this Act; and[Act 35 of 2022 wef 05/12/2022] (e) the importation of goods, by reference to the value of the goods as determined under this Act.[28/2007] [Act 35 of 2022 wef 05/12/2022]