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Government waives taxes on locally produced sanitary pads

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Finance Minister,Ken Ofori-Atta has disclosed that as part of moves to promote menstrual hygiene and affordability, all locally produced sanitary pads would now be zero-rated.

“Mr. Speaker, further to the above, the following reliefs have been prioritised for implementation:

  1. Extend zero rate of VAT on locally manufactured African prints for two (2) more years;
  2. Waive import duties on the import of electric vehicles for public transportation for 8 years;

iii. Waive import duties on semi-knocked down and completely knocked down Electric vehicles imported by registered EV assembly companies in Ghana for 8 years;

  1. Extend zero rate of VAT on locally assembled vehicles for 2 more years;
  2. Zero rate VAT on locally produced sanitary pads;
  3. Grant import duty waivers for raw materials for the local manufacture of sanitary pads;

vii. Grant exemptions on the importation of agricultural machinery equipment and inputs and medical consumables, raw materials for the pharmaceutical industry;

viii. A VAT flat rate of 5 percent to replace the 15 percent standard VAT rate on all commercial properties will be introduced to simplify administration.

  1. To address the negative externalities of plastic waste and pollution, The government will review and expand the Environmental Excise Duty to cover plastic packaging and industrial and vehicle emissions,” Mr Ofori-Atta stated.

 

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