- Parliament of Ghana approves VAT Amendment Bill 2023
- Bill imposes 5% flat rate for rental of commercial premises and sale of immovable property
- Bill introduces zero rate on locally produced sanitary pads and waives VAT on import of electric vehicles for public transportation
- Minority caucus opposes bill and calls for headcount vote
- Amendment bill approved with 137 votes in favor and 134 votes against
- Parliament also passes 2023 Appropriation bill, allowing government to spend 259 billion Ghana Cedis in 2024
- Appropriation bill includes estimates of government’s proposed expenditure for next financial year
- Passage of appropriation bill follows passage of revenue bills
- 2023 Appropriation bill to come into force on January 1, 2023
- Parliament adjourns sine dine for Christmas festivities.
Source: modernghana.com
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.
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