The Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has announced that his administration will grant a tax amnesty to all businesses and individuals in Ghana to enable them to start with a clean slate in 2025.
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Dr. Bawumia shared this information during a conversation with members of the Ghana Chamber of Commerce and Industry on Wednesday, March 20, in Accra.
“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.”
“All businesses and individuals will have a tax amnesty and we will start afresh,” he added.
Vice President Dr. Bawumia also voiced worries about the methods used by the Ghana Revenue Authority (GRA) for tax collection, suggesting that the GRA “harasses businesses” in the name of tax collection.
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“They are harassing businesses. That harassment is coming from the sort of targets that are created at their office. They are setting unrealistic targets. 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,” said Dr. Bawumia.
He suggested implementing a flat tax rate in 2025 and offering tax forgiveness to businesses once he takes office.
“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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