Minister for Finance, Ken Ofori-Atta has announced that the Communication Service Tax (CST) has been reduced from 9 percent to 5 percent.
According to the Minister, the reduction will last for six months.
He said this on the floor of Parliament during the 2020 mid-year budget review Today, July 23, 2020.
“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.