General News of Wednesday, 15 November 2023Source: www.ghanaweb.comThe Government of Ghana has announced that locally manufactured sanitary pads will no longer attract Value Added Tax (VAT). Presenting the 2024 Budget and Finance Statement on the floor of parliament, on Wednesday, November 15, 2023, the Minister for Finance, Ken Ofori-Atta, announced a zero VAT rate for locally manufactured sanitary pads. He added the government would also be scrapping import duty on “raw materials for the local manufacture of sanitary pads”. The others include:An extension of the zero rate of VAT on locally manufactured African prints for two (2) more years. Extension of the zero rate of VAT on locally assembled vehicles for 2 more years.
Source: GhanaWeb November 16, 2023 03:03 UTC