The directive, the ministry said is in line with Sections 35 and 37 and the First Schedule (9) of Act 870 and aligns with the relevant sections of the Value …
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Valued Added Tax
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Agric and EnvironmentEconomy and FinanceLifestyleNews
VAT increment: Stakeholders give alternative policy line to increase tax revenue
by Adnan Adamsby Adnan AdamsAccounting firms, KPMG and PwC believe the imposition of an additional 2.5% VAT on standard-rated supplies would impact cost of doing business in the country.
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Agric and EnvironmentEconomy and FinanceNews
VAT increased by 2.5% amidst public agitation
by Adnan Adamsby Adnan AdamsThis will be a big blow to Retailers and Wholesalers whose annual sales (turnover) exceeds GHC500,000. As Retailers and Wholesalers within this threshold are mandated to add an effective rate …
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Agric and EnvironmentEconomy and FinanceNews
Editorial: Rise in VAT rate to affect businesses
by Adnan Adamsby Adnan AdamsThis 2.5 percent increase in VAT would kill businesses and if it happens so, the government would not rake in the expected revenue, as it happened during the introduction of …