- Parliament passes VAT Amendment Bill before Christmas break
- Amendments to VAT expected to have far-reaching implications on fiscal policies and revenue generation
- Amendments include VAT on insurance premiums and imported stationery, zero-rating VAT on locally manufactured sanitary pads
- Three opposition MPs and one majority MP absent during vote
- Minority in Parliament opposes 2024 budget due to taxes embedded within it
- Passage of VAT Amendment Bill carries implications for businesses and individuals
- Stakeholders have opportunity to familiarize themselves with changes during holiday period
- Parliamentary decision reflects efforts to balance economic reforms and concerns of population segments.
Source: pulse.com.gh
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
