GHANA TODAY: 6 students of KNUST remanded over rape allegations, Government eyeing GH¢750m with new E-VAT policy, Bolgatanga Technical Institute closed down over students riot
Hello to our dedicated live blog readers. Welcome to today’s coverage of the most pertinent issues in the country.
I’m Elikem Doe, and over the next short while, I’l be bringing you the latest development.
Government is seeking to raise GH¢750 million in Ghana following the passage of the Value Added Tax Amendment bill, which introduces the E-Vat policy.
The tax measure broadens the scope of the existing laws to cover electronic commerce, provides for the electronic issuance of a tax invoice, upfront payment of Value Added Tax by an unregistered importer and the zero-rating of the supply of locally assembled vehicles.
A report of the Finance Committee of Parliament indicates that the e-vat policy addresses issues of inequalities and compliance in the payment of tax.