{"id":1222587,"date":"2022-10-12T14:51:47","date_gmt":"2022-10-12T14:51:47","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/12\/we-cant-pay-vat-anymore-kumasi-traders\/"},"modified":"2022-10-12T14:51:47","modified_gmt":"2022-10-12T14:51:47","slug":"we-cant-pay-vat-anymore-kumasi-traders","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/12\/we-cant-pay-vat-anymore-kumasi-traders\/","title":{"rendered":"We can\u2019t pay VAT anymore &#8211; Kumasi traders"},"content":{"rendered":"<p><\/p>\n<div>\n<img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/reddoe.jpg\" alt=\"We can\u2019t pay VAT anymore - Kumasi traders\" class=\" bd-imagestyles-16\"\/><\/p>\n<p>\nWe can\u2019t pay VAT anymore &#8211; Kumasi traders <\/p>\n<\/div>\n<div>\n<h2>Some traders in Kumasi have called on the government to adopt more sustainable and business-friendly tax policies that would help the government to optimise its revenue mobilisation while promoting business growth.<\/h2>\n<p>According to them, the current Value Added Tax (VAT) policy being implemented by the Ghana Revenue Authority (GRA) \u201cdoes not support our system.\u201d<\/p>\n<p>\u201cThe tax structure and its administration do not support the features of our market. The policy introduced taxation for each item as it travels along the distribution channel,\u201d the<span>\u00a0Executive Secretary of the Ashanti Business Community,\u00a0Charles Kusi Appiah-Kubi said at a media briefing in Kumasi today (October 12, 2022).<\/span><\/p>\n<p>He said the current system where the tax was applied to every single item along the distribution line was making the cost of items more expensive and beyond the reach of customers.<\/p>\n<p><strong>Point of entries<\/strong><\/p>\n<p>Mr\u00a0Appiah-Kubi proposed\u00a0that\u00a0the government\u00a0should collect all tax at the point of entry of the goods into the country and allow those in the value chain to operate free of intimidation and harassment.<\/p>\n<p>He said the current practice where the same item was charged from the key distributor down to the last consumer, was overburdening the consumer and making goods more expensive.<\/p>\n<p>He said the tax should be collected just once at the point of entry, either at the ports or at the factories, thereby allowing the businesses to operate freely.<\/p>\n<p>\u201cGovernment should take all its revenue from the points of entry. Take all the charges you want to charge at the point of entry or at the manufacturing and leave us alone,&#8221; he said.<\/p>\n<p>\u201cWe are ready to pay our corporate income tax and our Pay As You Earn (PAYE), but we can\u2019t pay the VAT again,\u201d he said.<\/p>\n<p><strong>More to follow&#8230;\u00a0<\/strong><\/p>\n<\/div>\n<p><script type=\"67e1bb02c87cd09aeb44aad4-text\/javascript\">\n!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '771749920311523', {}, {agent: 'pljoomla'});\nfbq('track', 'PageView');\n<\/script><script type=\"67e1bb02c87cd09aeb44aad4-text\/javascript\">(function(d, s, id) {\n\t\t\t\t  var js, fjs = d.getElementsByTagName(s)[0];\n\t\t\t\t  if (d.getElementById(id)) return;\n\t\t\t\t  js = d.createElement(s); js.id = id;\n\t\t\t\t  js.src=\"https:\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1&appId=342494502508165\";\n\t\t\t\t  fjs.parentNode.insertBefore(js, fjs);\n\t\t\t\t}(document, 'script', 'facebook-jssdk'));<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We can\u2019t pay VAT anymore &#8211; Kumasi traders Some traders in Kumasi have called on the government to adopt more sustainable and business-friendly tax policies that would help the government to optimise its revenue mobilisation while promoting business growth. According to them, the current Value Added Tax (VAT) policy being implemented by the Ghana Revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1222591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[7635,2537,1367,4181,4536],"class_list":["post-1222587","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-anymore","tag-kumasi","tag-pay","tag-traders","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1222587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1222587"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1222587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1222587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1222587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1222587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}