Finance Minister, Ken Ofori Attah has announced government’s decision to increase the Communication Service Tax (CST) by 9%.
According to the Minister the increase will help develop the foundation for the creation of a viable technology ecosystem in the country.
The Finance Minister, Ken Ofori-Atta said this while presenting the mid-year budget review and supplementary estimates in Parliament in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921).
The Communication Service Tax (CST) was introduced in 2008 at an ad valorem rate of six percent. The tax is levied on charges payable by consumers for the use of communication services.
“Government proposes to increase the tax to 9% to develop the foundation for the creation of a viable technology ecosystem in the country,”, he said
This, he said, will comprise amongst others putting in systems to identify and combat cybercrime, protect users of information technology and combat money laundering and other financial crimes.
Ghana | Atinkaonline.com