Tag: 17.5% VAT
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VAT on mobile phones to distort mobile money if … – Economist
Economist, Dr. Ebo Turkson has impressed on government to be cautious with its new taxes on mobile phones as it could distort efforts at driving a cashless economy. He argues that the move could restrict access to mobile money use which dwells largely on mobile phone ownership. The Mobile Phone Dealers Association is protesting the…
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Parliament approves tax cut on imported medicines
Parliament has passed the motion for the removal of the VAT on some selected imported pharmaceutical products. The decision was taken on Friday, November 3, 2017. The move is also expected to affect all imported medicines not produced in Ghana. The removal of the 17.5% VAT on such category of medicines completes a promise by…
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Domestic air travel grows by 24% after 17.5% VAT slash
The removal of the 17.5% VAT on domestic air travel has increased Ghana’s domestic air passenger volume by 24 percent as at May 2017. The passenger volume has increased from 163,322 to 201, 851 between May 2016 and the same period this year. The Deputy Minister of Aviation, Kwabena Okyere Darko Mensah disclosed this at…