- Before reforms, levies (NHIL, GETFund, COVID-19) were added to the price before calculating VAT.
- VAT was charged on the sum of the price and levies, resulting in a higher VAT amount.
- After reforms, VAT is calculated only on the original price, not including levies.
- Levies are added separately after VAT calculation.
- The final price after reforms is slightly lower (GHS 1,200) compared to before (GHS 1,219).
Source: x.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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