Tag: levy
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Re-consider computation of VAT for local industries- AGI tells govt
Government is being urged to reconsider its current calculation of Value Added Tax (VAT) on indigenous companies whose annual revenue exceed GHS 500,000 per annum to reduce the economic burden on local industries. According to the Association of Ghana Industries per the current calculations of VAT of 15% and the summation of the COVID levy,…
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Withdrawal of growth and sustainability levy in 2025 unlikely – Tax analyst
Tax Analyst, Francis Timore Boi has indicated that government is unlikely to withdraw the Growth and Sustainability Levy after 2025 as promised. Parliament on March 31 passed the three tax bills including the Growth and Sustainability Levy. President Akufo- Addo has since assented the bills into law. Many in the business community including the Ghana…