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Hello youth of Ghana. You can take your own life with medicine........for instance 15 paracetamol at once. Or combine medicine and akpeteshie or weedicide
This guy is clueless. VAT got nothing to do with profit or loss. You can't use government money to defray your loss
Making a loss means no income tax but VAT is charged on sales value so unfortunately you have to pay vat whether you make a profit or loss.
Correct.
VAT di3rrrrrr, it has nothing to do with profit or loss. Whatever fee you charge for any activity, you are supposed to calculate VAT and add it to what you charge so you generate income for the state. If you don't do that, th ...
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OB, let your accountant advice you more.
@Example and @ Fiifi are spot on.
Ghanaians and ignorance is like 5&6.
They sent you assessment for NHIL, COVID LEVY, NHIL & VAT, and you're talking about income tax?
If you had engaged the services of an accountant, you wouldn't have been in this mess.
GR ...
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VAT is about sales and purchases. It has nothing to do with profit or loss. Just a tax expect to help you.
Can we stop taking COVID tax?