Today the first day of the final quarter of the year 2019 is the day that the 9% communication services tax charge becomes effective. October 1, 2019, begins the new era where consumers will have to pay more for communication services following the implementation of the 9% Communication Services Tax.
The communication services tax, which was previously at 6% was increased to 9% when the Finance Minister, Honorable Ken Ofori-Atta, the decision known in Parliament in July 2019 as part of the presentation of the 2019 mid-year budget review.
Mobile phone users have already received text messages from their respective service providers about the new changes which will affect every recharge.
The consequence of this increase will affect customers because according to the Ghana Chamber of Telecommunications “for every ¢1 of recharge purchased, a 9% CST fee will be charged leaving ¢0.93 for the purchase of products and services.”
According to the Finance Minister, Ken Ofori-Atta, the tax increase is meant to improve and build a better foundation for a sustainable technology ecosystem in the county.
This comprises putting systems and qualified personnel in place to identify and combat cybercrime, protect consumers of the telcos, users of information technology and combat money laundering and other financial crimes.