- Kwesi Pratt Jnr criticizes government’s proposed 15% VAT on electricity for residential customers
- He calls it a practical joke and says the lifeline power offered by the government only benefits a small fraction of the population
- He believes the additional VAT on electricity consumption will burden low-income consumers and organized labor
- He finds the Ministry of Finance’s statement about stakeholder engagement annoying and believes it shows the government’s unwillingness to step down on the proposal
- He thinks the purpose of the stakeholder consultation is to get them to buy into the program, which he finds offensive.
Source: ghanaweb.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.
Latest Posts in "Ghana"
- VAT Relief for Manufacturers on Imported Raw Materials Now Subject to Biannual Register Updates
- Consolidated VAT Rules Clarify Digital Services Scope, Exclude Online Gaming, Enhance Compliance Certainty
- Higher Upfront VAT Rate Imposed on Unregistered Importers to Encourage Timely VAT Registration
- VAT Rate Cut to 20%: Levies Now Claimable, Reducing Business Tax Burden
- Act 1151 Mandates FED Integration for Transaction-Based VAT Filing and Enhanced Tax Monitoring
