The VAT rate increased to 15% on 11 May 2020.
Tax Invoices issued prior to 11 May 2020
If the invoice has been issued before 11 May 2020 and the supply in relation to that invoice has been done on or after 1 July 2020, a 5% rate will be applicable on that supply with a condition that the actual supply is done before 30 June 2021.
Tax Invoices issued between 11 May 2020 and 30 June 2020
If the tax invoice has been issued in the period between 11 May 2020 and 30 June 2020 a 5% VAT will be applicable to that supply provided that the actual supply should of happened before 30 June 2020, all supplies on or after 1 July 2020 will be subject to 15% VAT rate.
Periodic Tax Invoices issued for continuous supplies
If a tax invoice issued for a continuous supply, partially executed before, on, or after 1 July 2020, a 5% rate will be applicable to the invoice related to the part executed before 1 July 2020 and a 15% VAT rate will be applicable to the invoice related to the part executed on or after 1 July 2020.
Source Credit – gccfintax