Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP) has expressed his resolve to abolish controversial E-Levy and betting when elected President in December.
According to him, under his presidency, there would be a one-time amnesty to boost businesses. Addressing party faithfuls at Takoradi during NPP’s Manifesto launch, Dr. Bawumia said, “We will accelerate Ghana’s growth into a world-class digital economy and make Ghana the digital hub of Africa.”
“We will do this through policies, competitive incentives and investments. We will invest in developing local talent and tech start-ups. Abolish E-Levy,” he added.
“Implement wide-ranging tax reforms-offer a one-time tax amnesty to all Ghanaians and corporate entities through Tax amnesty from the payment of taxes from the previous years. The waiving of interest and penalties for failures to file taxes in previous years. This will enable everyone to start their tax journey afresh,” he revealed.
Dr.Bawumia was optimistic that “It will “wipe the slate clean” for all taxpayers in Ghana – reform the Value Added Tax regime by merging all levies into a single line-item levy, and treat the merged levy as part of input and output VAT, to eliminate the cascading effect in the current regime – reduce Withholding Tax (WHT) for small-scale gold exports to 1% to discourage smuggling – abolish the Betting Tax.”
Source: thespectatoronline.com