Finance Minister Dr. Cassiel Ato Forson has announced a series of tax reforms under the 2026 Budget aimed at creating a fairer, simpler, and more business-friendly fiscal system.
Business and Financial Times on MSN
VAT reforms to drive 2026 revenue
Government is anchoring its 2026 fiscal strategy on a sweeping overhaul of the value-added tax system as authorities rely on enforcement and digitalisation rather than new taxes to lift domestic ...
BusinessWorld on MSN
DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade
THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, ...
The Value Added Tax (VAT) is imposed quarterly at the rate of 18% on four principal branches of business activity: ...
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