The Vice President, Dr. Mahamudu Bawumia, has announced a tax amnesty for all businesses and individuals in 2025 should he be elected. He made this promise in a discussion with the Ghana Chamber of Commerce and Industry (GCCI) to seek their ideas to draft a campaign manifesto for the 2024 elections.
Vice President Bawumia, who is the flagbearer of the governing New Patriotic Party (NPP), raised concerns about the “harassment” of businesses by the Ghana Revenue Authority for taxes so as to meet the state tax collector’s “unrealistic” revenue target.
“They are harassing businesses”, Dr Bawumia observed, explaining: “That harassment is coming from the sort of target that are created at their office”.
“They are setting unrealistic targets”, Dr Bawumia complained, noting: “And this is because the tax base is so narrow. You say to them, this is your target for this month, and they are trying to figure out where do I go”.
“Then for them, it is very easy. You go back to where you had it the last time. You go to taxpayers, the people who are already paying taxes, and then you have to come up with a new reason why they should pay more and, so, you come up with all sorts of stuff”, Dr Bawumia illustrated.
Dr. Bawumia promised to deal with that situation should he win the presidency.
“Because of the harassment and the need to make money, we are going to start with a clean slate in 2025. And that is why in 2025, we are going to grant a tax amnesty to all businesses and individuals and start afresh”, he proposed.
“So, we are going to start the new system, it’s a flat tax system so we are going to wipe the slate clean for every individual and business.”
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