The Ghana Union of Traders’ Associations (GUTA), has expressed satisfaction with the proposed tax reforms and amnesty by the New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia.
The President, Dr Joseph Obeng has lauded the proposed policy as the solution for today’s problems in the business community.
Dr Bawumia during the NPP manifesto launch assured businesses of tax amnesty in 2025 if he wins the December 2024 presidential elections.
According to him, the country’s current tax structure is not fit for purpose, and he therefore wants the tax system to change.
In an interview on Adom FM’s morning show Dwaso Nsem Tuesday, Dr Obeng stated the policy if implemented will ease the tax burden on businesses and reduce the evasion of taxes.
“The manifesto is solution for today’s problems since it seeks to reform our tax systems which is the biggest bane of the business community.
“If taxes are cumbersome and outrageous, people always find means to evade. There are a lot of tax defaulters and if they should pay, they will be out of business and have no money for recapitalisation so the amnesty will go a long way to help us,” he said.
Dr Obeng expressed optimism that the amnesty would encourage more businesses to come forward and fulfil their tax obligations.
Source: Gertrude Otchere
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