{"id":66484,"date":"2024-02-11T19:33:21","date_gmt":"2024-02-11T19:33:21","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament"},"modified":"2024-02-11T19:38:15","modified_gmt":"2024-02-11T19:38:15","slug":"tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament","title":{"rendered":"Tax Amnesty: We had one in 2017 but no comprehensive report yet to Parliament"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Former Finance Minister Seth Terkper has replied to Vice President Dr Mahamudu Bawumia on his plan to provide a tax amnesty should he win this year\u2019s elections to be president.<\/b><\/p>\n

Dr Bawumia, the flagbearer of the New Patriotic Party (NPP) said in his address on Wednesday, February 7 that \u201cTo start the new tax system on a clean slate, my government will provide a tax amnesty, a complete exemption from the payment of taxes for a specified period, and the waiving of interest and penalties for up to a certain year to individuals and businesses for failures to file taxes in previous years so that everyone will start afresh.\u201d<\/p>\n

However, reacting to this on his X platform, Mr Terkper said \u201cWe had a Tax Amnesty in 2017. To date, no comprehensive report has be presented to Parliament. Yet another Amnesty in 2025?\u201d<\/p>\n

Dr Bawumia also stated categorically that he would abolish the tax on electronic financial transactions, e-levy, if elected President of Ghana.<\/p>\n

The controversial tax was introduced in 2022, and prior to the introduction, Vice President Bawumia had declared his opposition to levies on electronic financial transaction in an interview.<\/p>\n

Delivering his first major address to the nation after his election as NPP flagbearer, during which he gave broad policy outlines of a Bawumia Presidency, Dr. Bawumia minced no words in declaring his opposition to taxes on electronic financial transactions, declaring that he will abolish e-levy as President.<\/p>\n

\u201cTo move towards a cashless economy, however, we have to encourage the population to use electronic channels payment. To accomplish this, there will be no taxes on digital payments under my administration. The e-levy will therefore, be abolished,\u201d he declared at the UPSA auditorium on February 7.<\/p>\n

Dr. Bawumia also announced that as part of a new tax regime by his government, he will also abolish the emission tax, tax on betting as well as the proposed 15% VAT on electricity tariffs, if it is in existence by January 2025.<\/p>\n

He also announced that his government would introduce what he described as a friendly, flat tax regime for Ghana, which will boost individuals and businesses, particularly small and medium-scale enterprises (SMEs).<\/p>\n

\u201cMy administration will introduce a very simple, citizen and business-friendly flat tax regime. A flat tax of a percentage of income for individuals and SMEs, which constitute 98% of all businesses in Ghana, with appropriate exemption thresholds set to protect the poor,\u201d Dr. Bawumia indicated.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Former Finance Minister Seth Terkper has replied to Vice President Dr Mahamudu Bawumia on his plan to provide a tax amnesty should he win this year\u2019s elections to be president. Dr Bawumia, the flagbearer of the New Patriotic Party (NPP) said in his address on Wednesday, February 7 that \u201cTo start the […]<\/p>\n","protected":false},"author":84,"featured_media":66483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[5092,5096,429],"class_list":["post-66484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nTax Amnesty: We had one in 2017 but no comprehensive report yet to Parliament - Ghana<\/title>\n<meta name=\"description\" content=\"Former Finance Minister Seth Terkper has replied to Vice President Dr Mahamudu Bawumia on his plan to provide a tax a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Amnesty: We had one in 2017 but no comprehensive report yet to Parliament\" \/>\n<meta property=\"og:description\" content=\"Former Finance Minister Seth Terkper has replied to Vice President Dr Mahamudu Bawumia on his plan to provide a tax a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-11T19:33:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-11T19:38:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707667576.187563.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1766\" \/>\n\t<meta property=\"og:image:height\" content=\"1172\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tax Amnesty: We had one in 2017 but no comprehensive report yet to Parliament\",\"datePublished\":\"2024-02-11T19:33:21+00:00\",\"dateModified\":\"2024-02-11T19:38:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\"},\"wordCount\":423,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707667576.187563.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/tax-amnesty-we-had-one-in-2017-but-no-comprehensive-report-yet-to-parliament\",\"name\":\"Tax Amnesty: We had one in 2017 but no comprehensive report yet to Parliament - 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