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Citi Business News has gathered that
government has directed the Ghana Revenue Authority (GRA) to suspend the
implementation of the 17.5 percent Value Added Tax (VAT) charges on
non-core financial services.
Industry, the Private Enterprise
Federation (PEF) and unionized workers have been pressurizing government
to withdraw the 17.5 per cent VAT.
According to them, the move
will further cripple their businesses which are already reeling under
the pressures of power interruption and unfavourable business
environment.
It is unclear yet if government is suspending the
implementation of the 17.5 percent VAT because of the pressures from
these quarters.
Meanwhile, the Ghana Revenue Authority is
expected to officially announce the decision today and explain the
reasons for the suspension. |
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