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Banks and financial institutions may soon be charging Value Added Tax (VAT) for some of advisory services they are offering.
The bill that will actualize this is currently before parliament.
The tax will however not be applied to deposits, ATM charges and the main traditional services bank render to their customers.
Joy Business has learnt that government is hoping to start implementing the tax before the end on the year.
Source: Joy Business/Ghana
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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