Real
estate
sector
players
are
lamenting
over
the
government’s
reintroduction
of
a
17.5
percent
Value
Added
Tax
(VAT)
on
the
sale
of
immovable
properties.
They
argue
that
the
tax
is
hindering
sector
growth
and
criticise
the
lack
of
consultation
prior
to
its
reintroduction.
They
urged
the
government
to
abolish
the
tax
as
part
of
its
commitment
to
refrain
from
introducing
additional
taxes
in
the
mid-year
budget
review
scheduled
for
Tuesday,
July
23.
The
Executive
Secretary
for
the
Ghana
Real
Estate
Developers’
Association
(GREDA),
Samuel
Amegayibor
said:
“They
never
engaged
us.
All
of
a
sudden,
there
is
a
directive
that
the
tax
should
be
implemented,
and
then
they
have
gone
ahead
to
develop
guidelines
without
a
major
stakeholder
like
GREDA.
“So
how
do
you
expect
us
to
be
your
agent
of
tax
collection
and
you
don’t
involve
us
in
the
guidelines,
and
then
you
just
snap
on
us?
I
was
surprised.
I
saw
a
copy
of
this
guideline
just
last
night.
”
He
added:
“As
the
Executive
Secretary
of
GREDA,
I
have
not
seen
what
my
sector
is
supposed
to
help
implement
for
the
government
to
make
revenue.
Then
what
are
we
doing?
I
think
these
are
some
of
the
things
that
we
are
talking
about.
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