Business News of Wednesday, 27 November 2019Source: Myjoyonline.comUpfront charge of CST ends, new cost of data to be announced – AshigbeyKen AshigbeyThe Telecoms Chamber says the upfront charge of the 9 per cent Communications Service Tax has been reversed as at November 26. This comes after warnings from the Communications Ministry to punish Mobile Network Operators (MNOs) for defying recent directives on the Communications Services Tax (CST). Communications Minister, Ursula Owusu-Ekuful, recently issued a statement directing telecommunication companies in Ghana to stop the upfront deduction of the 9% Communications Service Tax (CST). Meanwhile, a tax expert has criticized the Ministry of Communications for issuing directives recently on the way the 9% Communications Service Tax should be charged by telcos. Finance Minister Ken Ofori-Atta in the Supplementary Budget announced an increase in the CST from 6% to 9%

Source: GhanaWeb November 27, 2019 19:18 UTC