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Government implements 9 out of 13 tax measures in 2022 Budget

This includes the reduction in the withholding tax rate for the purchase of unprocessed gold from small-scale gold miners from 3% to 1.5%; restriction of the VAT flat rate scheme to small retailers only, increase in the turnover limit for the Modified Taxation System from ₵200,000 to ₵500,000 and extension of the zero-rating of locally manufactured textiles.

Source: MyJoyOnline

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