Government has stated that it would only take a second look at the newly introduced administrative measure in the tax exemption system, after it concludes a comprehensive review of the entire regime. The measure which was announced in the 2017 budget statement requires business operators who are eligible for exemption from duties and taxes, to … Read more
Despite the increased number of concerns for government to restructure the tax exemption directive for importers, Deputy Finance Minister, Kwaku Kwarteng has stressed that his outfit will not revert the decision of implementing the move. According to him, the reversal will only bring back the numerous illegal acts at the ports. Importers and exporters called … Read more
Car Rentals Association of Ghana (CRAG) has appealed to government to grant them some tax exemption to help revamp their businesses. According to the association, they have been sidelined in all the tax cuts announced in the 2017 budget. Speaking to Citi Business News, the National President of the Ghana Tourism Federation and Past President … Read more
Tax analyst, Ali Nakyea Abdallah has described as unlawful government’s tax exemption directive decision for importers. Mr. Nakyea believes the decision is unfair on importers who are entitled to tax exemption and must be rectified. The GRA earlier released a statement which demanded all applicants who qualify for exemptions from import duties and taxes to … Read more
MINORITY Leader, Haruna Iddrisu, has questioned why the ministry of finance is, on its own, writing to companies and revoking tax exemptions granted by Parliament. Mr. Iddrisu believes such an action by the ministry was in flagrant violation of the 1992 Constitution. During the vetting of the Deputy Minister of Finance-designate, Kweku Kwarteng, the minority leader minced … Read more
Finance Minister Seth Terkper has revealed that government will lose about GHS1billion if some new taxes introduced are scrapped. The minister who dispelled accusations that he tax-happy indicated that the taxes imposed by government were necessary to streamline the tax base to correspond with global business changes. He explained that government will remove some of … Read more