We won’t accept 2.5% VAT hike – Minority

The minority caucus in parliament has said it will not accept any 2.5 per cent increase in Value Added Tax (VAT) as purported to be contained in the budget statement to be presented by embattled Finance Minister Ken Ofori-Atta today, Thursday, 24 November 2022.
Mr Thomas Ampem Nyarko, a member of the finance committee of parliament, served notice while speaking about the minority’s expectation on the yet-to-be-presented budget.
He told the media that this year’s budget statement is full of taxes and nothing more.
“There are also income tax increments and Mobile Money tax increments among others contained in this year’s budget statement,” he said.
“The government's insensitiveness is too high,” he added.
He called on the government to cut down on its "frivolous" expenditure.
Meanwhile, the President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has warned that the association would lead traders across the country to reject any new taxes contained in the budget statement.
According to him, businesses are overburdened with taxes.
He reminded the government of the need to expand the tax net, work on the abuse of the warehousing system, and take a second look at free zone operations.
Source: Classfmonline.com/cecil Mensah
Trending News
TEWU-GH clashes with TUC boss over reckless remarks about representation on University Council
12:12Radio host issues clarification over GIHOC CEO allegations aired on Accra 100.5 FM
13:29Alhassan Eliasu inducted as Special Envoy for Islamic Affairs by International Youth Network for UNSCR 2250
04:30YEA CEO distributes 125 bags of maize to SHSs in Bono and Bono East Regions
12:01Court grants GHC13 million bail to four over cocaine export attempt at KIA
13:20NDC in Lower Manya Krobo demands withdrawal of MCE nominee
02:19Ghana Armed Forces oversee seamless command transition at Kofi Annan Peacekeeping Centre
10:36Domelevo questions GHC20,000 gift limit in new code of conduct for political appointees
10:42Gov't inaugurates steering committee to boost private participation in power distribution
02:07Ghana Armed Forces receive armoured vehicles from U.S gov't to boost security operations
10:27