Home Entertainment News Government reduces Communication Service Tax (CST) from 9% to 5%

Government reduces Communication Service Tax (CST) from 9% to 5%

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The government of Ghana has reduced the Communication Service Tax (CST) which is known as the talk tax from 9 percent to 5 percent.

According to the Minister of Finance, Ken Ofori-Atta, the deduction of the talk tax is to last for six months.

This was made known to the public at today, Thursday, July 23, 2020, when the minister of finance presented the mid-year budget review in Parliament.

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“In the short term, we will reduce the CST from 9% to 5% to reduce the cost of communication services to the consumer as more and more people work remotely and utilize online services.”

“We will count on the Telcos to match this reduction in the CST by reducing their tariffs. This is important for our youth, entrepreneurs, and the burgeoning FINTEC industry,” he added.

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On other story, the government has also given Ghanaians another 3 more months of Free Water and Electricity intervention announced during the early days of COVID-19 to help mitigate the effects of the deadly COVID-19 pandemic.

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