{"id":199979,"date":"2024-07-15T16:30:07","date_gmt":"2024-07-15T16:30:07","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/15\/scrap-17-5-vat-on-immovable-properties-greda-demands\/"},"modified":"2024-07-15T16:30:07","modified_gmt":"2024-07-15T16:30:07","slug":"scrap-17-5-vat-on-immovable-properties-greda-demands","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/15\/scrap-17-5-vat-on-immovable-properties-greda-demands\/","title":{"rendered":"Scrap 17.5% VAT on immovable properties \u2013 GREDA demands \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Real estate sector players are lamenting over the government\u2019s reintroduction of a 17.5 percent Value Added Tax (VAT) on the sale of immovable properties.<\/strong><\/p>\n<p>They argue that the tax is hindering sector growth and criticise the lack of consultation prior to its reintroduction.<\/p>\n<p>They urged the government to abolish the tax as part of its commitment to refrain from introducing additional taxes in the mid-year budget review scheduled for Tuesday, July 23.<\/p>\n<p>The Executive Secretary for the Ghana Real Estate Developers\u2019 Association (GREDA), Samuel Amegayibor said: \u201cThey never engaged us. All of a sudden, there is a directive that the tax should be implemented, and then they have gone ahead to develop guidelines without a major stakeholder like GREDA.<\/p>\n<p>\u201cSo how do you expect us to be your agent of tax collection and you don\u2019t involve us in the guidelines, and then you just snap on us? I was surprised. I saw a copy of this guideline just last night. \u201d<\/p>\n<p>He added: \u201cAs the Executive Secretary of GREDA, I have not seen what my sector is supposed to help implement for the government to make revenue. Then what are we doing? I think these are some of the things that we are talking about.<\/p>\n<p>citinewsroom.com <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real estate sector players are lamenting over the government\u2019s reintroduction of a 17.5 percent Value Added Tax (VAT) on the sale of immovable properties. They argue that the tax is hindering sector growth and criticise the lack of consultation prior to its reintroduction. They urged the government to abolish the tax as part of its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":199980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-199979","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>Scrap 17.5% VAT on immovable properties \u2013 GREDA demands \u2013 - 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\/2024\/07\/15\/scrap-17-5-vat-on-immovable-properties-greda-demands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scrap 17.5% VAT on immovable properties \u2013 GREDA demands \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Real estate sector players are lamenting over the government\u2019s reintroduction of a 17.5 percent Value Added Tax (VAT) on the sale of immovable properties. They argue that the tax is hindering sector growth and criticise the lack of consultation prior to its reintroduction. 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