The next National Democratic Congress (NDC) flagbearer, John Dramani Mahama announced plans to scrap the following draconian taxes within his first 90 days in office to alleviate hardships and ease the high cost of doing business:
1. E-levy
2. COVID levy
3. 10% levy on bet winnings
4. Emissions levy
To further ease hardships, the NDC will:
5. Review Import duty on vehicles and equipment imported into the country for industrial and agricultural purposes.
6. Apply the Price Stabilisation and Recovery Levy on fuel to cushion consumers.
7. Rationalise fees and charges at our ports to reduce the burden on importers and Ghanaians.
8. Undertake a comprehensive reform of Ghana’s VAT regime to provide relief for households and businesses. This will include:
* reversing the decoupling of GETFund and NHIL from VAT
* upwardly adjusting the VAT registration threshold to exempt micro and small businesses
* repealing the law imposing VAT on domestic electricity consumption.
* reversing the VAT flat rate regime
To enhance revenue mobilization, we will:
9. broaden the tax base and plug leakages in tax collections.
10. review the tax exemption regime to promote transparency, economic growth, technology transfer and job creation.
source: city newsroom
