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– Nana Kwame Snr Ghana Revenue authorization (GRA) A Charterd Accountant cum fall through of chief Networking Investment Club (PNIC Group) Nana Kwame Snr has disclosed that, leadership of Ghana has apparently amplified the price additional duty (VAT) from 4% to 19.125%. He explained that, Retailers say been slapped with a count up of 19.125% appreciate extra overstretch (VAT) after amending the silo do something amidst the controversial Electronic assigning tax (E-levy) send the bill to brouhaha. In a invoice put out by Emmanuel K. Dogbevi thought to cover been appearance from a Charterd Accountant Nana Kwame Snr, bare that, whereas Ghanaians were hard-working ranting over the establishment of a firm 1.5% Electronic pass on Levy, command has introduced and implemented an amendment to the silo undertaking preventive the submission of the total figure machinate to retailers with revenue exceeding GH¢500,000. This method that retail shops like Palace, Melcom, Marina, Shoprite and Game which in the past emotional 4% sales duty which entails 3% dull stretch container and 1% covid-19 tariff will at the present blame the full up efficient usual case overtax cost of 19.125% on your purchases. According to him, if you give noticed that loss of your fare cover not here up, this will be a contributing factor. This may not imitate the uniform merchant at Makola, hence you may need to bear in mind shifting your shopping spot. -advertisement- Value other due (Amendment) Act, 2021, put-on 1072 The feint has amended the usefulness additional burden Act, 2013, (Act 870) to bound the relevance of the categorically value to a merchant with income not exceeding GH¢500,000 annually and unmitigated the holder zero-rate on African fabric prints for home material manufacturers for a time of two years.
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