Audio By Carbonatix
The Government grossed over GHS1 billion in VAT collections for 2010.
According to figures from the Ghana Revenue Authority, total collections from VAT, NHIL and Communication Service Tax (talk time tax) amounted to GHS1.61 billion.
This is 10 percent more than had been projected for 2010 and nearly GHS400 million more than the 2009 figure.
According to Joy Business’ George Wiafe, the Valued Added Tax contributed the highest amount of GHS678 million, 11 per cent more than what it set out to collect last year, but 30 per cent higher than the GHS518 million it got for 2009.
The National Health Insurance Levy was able to collect GHS135 million, also an 11 per cent more than targeted. A total of GHS119 million came in from Excise Duty collections, also 30 percent better than projected for 2010.
It however showed the strongest growth over the 2009 figures, more than twice the previous year’s collections. Communications Service Tax collections however fell below expectation by 3 percent.
It grossed GHS128 million even though that is still nearly 50 per cent more than what was collected the previous year. The tax is 6 per cent ad-valorem on communication services and related activities like internet usage, broadcasting, and satellite.
The charge on broadcasting services has until now been ignored. Media houses following the approval of the 2011 budget are expected to begin charging the tax on television and radio commercials as well as other broadcasting related services. It is expected that this would significantly boost its contribution to total collections.
Source: Joy News/Ghana
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.
Tags:
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.
Latest Stories
-
‘I am not a magician’ – Zdravko Logarušić on Nations FC exit from Africa
1 minute -
Three nights. 28 titles. Ultimate history made
12 minutes -
Ghanaian delegates at IYF 2026 could become bridges for stronger Russia ties – John Aggrey
16 minutes -
Nigeria: Over 30 dead, 50 hospitalised after consuming alcoholic substance in Ondo State
19 minutes -
UK lawmakers demand new law to address AI threat to human rights
28 minutes -
WAFU B U-17 Girls Cup: Black Maidens depart Accra for tournament in Yamoussokro
28 minutes -
Sweden’s center-left bloc narrowly ahead as election remains too close to call
38 minutes -
GPL 2026/27: ‘We won ugly’ – Kotoko head coach unimpressed after Lions victory
41 minutes -
7 out of 10 human trafficking cases in Ghana never reach prosecution — JoyNews Research
57 minutes -
Music, football to converge at Music Meets Football Summit 2026 in Lusaka
1 hour -
Putin invites young global leaders to partner with Russia in shaping future world order
1 hour -
Putin calls for ‘just world’, says every nation must be free to choose its own path
1 hour -
IFY 2026 food festival to serve 20,000 meals showcasing global cuisines in Russia
1 hour -
Ghana has a Domestic Violence Act: But can a victim afford to use it?
1 hour -
Young artists from 100 countries showcase works at IFY 2026 in Russia
1 hour