VAT Rate To Increase by 2.5% in 2023

2023 Budget: VAT Rate To Increase by 2.5% in 2023

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Government aims to cut imports by 50%

VAT Rate To Increase by 2.5% in 2023. As part of attempts to get the economy back on track, the government has raised the value-added tax (VAT) from 12.5 percent to 15 percent. The 2.5 percent increment is to directly support the roads sector and the government’s digitalization agenda. The Finance Minister, Ken Ofori-Atta, announced … Read more