Govt withdraws tax on luxury vehicles

The controversial Luxury Vehicles Levy introduced in 2018 has been withdrawn by government, Finance Minister Ken Ofori-Atta has announced.

The tax that was intended to raise revenue faced intense opposition from vehicle owners leading to a number of demonstrations.

“We have noted suggestions from the general public on the implementation of this tax and Mr. Speaker, as a listening Government, we are proposing to the House, the withdrawal of the levy,” the Finance Minister said on Monday.

Mr. Ofori-Attah was presenting mid-year fiscal policy review of the 2019 budget statement and economic policy and supplementary estimates of the government of Ghana for the 2019 financial year.

“We will continue to improve compliance, expand the tax net and explore other innovative sources of raising revenue,” he said.

More to follow

Source: 3news.com | Ghana

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