{"id":586882,"date":"2019-01-21T12:15:11","date_gmt":"2019-01-21T12:15:11","guid":{"rendered":"<br><div>\n            <div class=\"td-post-featured-image\"><img width=\"696\" height=\"385\" class=\"entry-thumb\" src=\"https:\/\/cdn.ghana-mma.com\/2019\/01\/CLOTHS-696x385-696x385.jpg\"   alt=\"\" title=\"CLOTHS-696x385\"\/><\/div>\n            <p>Government has suspended "},"modified":"2019-01-21T12:15:11","modified_gmt":"2019-01-21T12:15:11","slug":"govt-suspends-tax-stamp-policy-on-textile","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/","title":{"rendered":"Govt suspends tax stamp policy on textile"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"385\" class=\"entry-thumb\" src=\"https:\/\/cdn.ghanamma.com\/2019\/01\/CLOTHS-696x385-696x385.jpg\"   alt=\"\" title=\"CLOTHS-696x385\"\/><\/div>\n<p>Government has suspended plans to begin the implementation of the tax stamp policy for the textile industry which is slated for this month.<\/p>\n<p>The move is to ensure additional security features are added to the stamp.<\/p>\n<p>Government revealed last year of its plans to extend the tax stamp policy to textiles in order to curb smuggling of the product in the country and to increase jobs in the sector.<\/p>\n<p>The Tax Stamp Policy emanates from the Excise Stamp Act, 2013 (Act 873).<\/p>\n<p>The policy requires that specified excisable products are affixed with tax stamps with specific features designed and supplied by the Ghana Revenue Authority before they are delivered ex-factory, cleared from any port of entry and presented for sale.<\/p>\n<p>Speaking to Starr Business, the Head of Tax Policy at the Finance Ministry Daniel Nuer said the policy will only be extended to the textile industry after modalities for its implementation are addressed.<\/p>\n<p>\u201cNow we are drawing up a timetable to come out with the modalities that are needed to implement the system,\u201d he said, adding the Finance Minister will soon come out with an executive instrument giving the exact time for implementation as determined by law.<\/p>\n<p>\u201cUntil we sort out the modalities\u2026it\u2019s teamwork. So we need to hear from the technical team because there are some technicalities to be sure that all the modalities are in place then we can fix a date,\u201d he added.<\/p>\n<p>The Industrial and Commercial Workers Union believes the delay will inure to the benefit of players in the textile industry.<\/p>\n<p>The General Secretary of the ICU, Solomon Kotei said: \u201cGovernment has remained focused on this matter.\u201d<\/p>\n<p><strong>Source: Ghana\/Starrfmonline.com\/103.5FM<\/strong><\/p>\n<\/p><\/div>\n<p><script>(function(d, s, id) {\n  var js, fjs = d.getElementsByTagName(s)[0];\n  if (d.getElementById(id)) return;\n  js = d.createElement(s); js.id = id;\n  js.src = 'https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.1&appId=1201200913327594&autoLogAppEvents=1';\n  fjs.parentNode.insertBefore(js, fjs);\n}(document, 'script', 'facebook-jssdk'));<\/script><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government has suspended plans to begin the implementation of the tax stamp policy for the textile industry which is slated for this month. The move is to ensure additional security features are added to the stamp. Government revealed last year of its plans to extend the tax stamp policy to textiles in order to curb [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":586883,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-586882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt suspends tax stamp policy on textile - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Govt suspends tax stamp policy on textile - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Government has suspended plans to begin the implementation of the tax stamp policy for the textile industry which is slated for this month. The move is to ensure additional security features are added to the stamp. Government revealed last year of its plans to extend the tax stamp policy to textiles in order to curb [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Govt suspends tax stamp policy on textile\",\"datePublished\":\"2019-01-21T12:15:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/\"},\"wordCount\":284,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/\",\"name\":\"Govt suspends tax stamp policy on textile - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-01-21T12:15:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/01\\\/21\\\/govt-suspends-tax-stamp-policy-on-textile\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt suspends tax stamp policy on textile - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/","twitter_card":"summary_large_image","twitter_title":"Govt suspends tax stamp policy on textile - Ghanamma.com","twitter_description":"Government has suspended plans to begin the implementation of the tax stamp policy for the textile industry which is slated for this month. The move is to ensure additional security features are added to the stamp. Government revealed last year of its plans to extend the tax stamp policy to textiles in order to curb [&hellip;]","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"Govt suspends tax stamp policy on textile","datePublished":"2019-01-21T12:15:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/"},"wordCount":284,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#primaryimage"},"thumbnailUrl":"","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/","url":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/","name":"Govt suspends tax stamp policy on textile - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#primaryimage"},"thumbnailUrl":"","datePublished":"2019-01-21T12:15:11+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2019\/01\/21\/govt-suspends-tax-stamp-policy-on-textile\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2019\/#website","url":"https:\/\/www.ghanamma.com\/2019\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2019\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"}}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/586882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/comments?post=586882"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/586882\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/media?parent=586882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/categories?post=586882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/tags?post=586882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}