{"id":13170,"date":"2024-06-08T15:59:30","date_gmt":"2024-06-08T15:59:30","guid":{"rendered":"https:\/\/sotnews.agency\/?p=13170"},"modified":"2024-06-10T10:44:07","modified_gmt":"2024-06-10T10:44:07","slug":"conduct-detailed-analyses-before-scrapping-vat-on-mineral-exploration-tax-analyst-tells-govt","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=13170","title":{"rendered":"Conduct detailed analyses before scrapping VAT on mineral exploration \u2013 Tax analyst tells govt"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 17 Second <\/div>\n\n <\/div>

The government has been cautioned in its attempts to revise the Value Added Tax (VAT) component on mining exploration.<\/p>\n

This, according to tax analyst Francis Timore Boi, is imperative for the government as it makes efforts to meet its revenue target for the year.<\/p>\n

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, at the opening ceremony of the 2024 West African Mining and Power Conference and Exhibition (WAMPOC\/WAMPEX) programme, disclosed that the government is reviewing the Value Added Tax (VAT) component of the tax build up on the cost of exploration for prospective mining companies.<\/p>\n

While acknowledging the potential of the review of the VAT to attract more investment into the mining sector, Timore Boi emphasized the need for a comprehensive analysis to ensure proactive decision-making.<\/p>\n

\u201cI think it is a good thing. It will make exploration activities a bit affordable and possibly attract foreign direct investment into the mining industry.<\/p>\n

\u201cHowever, looking at the current situation where we [the government] need money, we need to weigh the options of whether we want to forgo that VAT, as this may cause some deficit to government coffers.\u201d<\/p>\n

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The post Conduct detailed analyses before scrapping VAT on mineral exploration \u2013 Tax analyst tells govt<\/a> appeared first on Citinewsroom – Comprehensive News in Ghana<\/a>.<\/p>

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The government has been cautioned in its attempts to revise the Value Added Tax (VAT) component on mining exploration. This, according to tax analyst Francis Timore Boi, is imperative for… <\/p>\n","protected":false},"author":1,"featured_media":13305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-13170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13170"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13170\/revisions"}],"predecessor-version":[{"id":13306,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13170\/revisions\/13306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/13305"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}