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Showing posts with the label Talk tax bags GH¢26m in 1st qtr

Talk tax bags GH¢26m in 1st qtr.

By Kofi AHOVI The Communication Service Tax (CST) has so far accrued GH¢26 million for the first quarter of this year. The figure is 19% higher than the GH¢22 million collected for the same period last year, but lower than the projected GH¢27 million target. The Value Added Tax (VAT) Service responsible for the collection of the tax has targeted GH¢132 million for the end of the year against the GH¢100 million targeted for last year, despite its failure to meet that target. According to VAT service, this was due to lack of equipment to monitor the traffic of telecom companies. This challenge would be resolved with the new monitoring system, Intelligence Signal Management System, being introduced by the National Communications Authority (NCA). CST is a tax levied on charges for the use of communications service that are provided by communications operators. It started in June 2008 to boost revenue mobilization from the fast growing communications service sector. The tax is paid by cons...