Dr Mahamudu Bawumia, flagbearer of the New Patriotic Party (NPP), has reaffirmed his pledge to abolish the contentious E-Levy and betting tax if elected President in the 2024 general elections.
He vowed that his administration would introduce comprehensive tax reforms to alleviate the burden on Ghanaians, including tax amnesty for previous years’ tax payments and waivers for interest and penalties on unfiled taxes.
During the launch of the party’s manifesto in Takoradi on Sunday, August 18, Dr Bawumia outlined strategies to propel Ghana’s growth into a world-class digital economy.
According to him, this will be achieved through policies, competitive incentives, and strategic investments.
“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.
“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.
“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:dailygossipsonline.com