Tag: Luxury vehicle tax
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Government commended for abolishing luxury vehicle tax
Some residents of Ho have praised the government for the removal of the luxury vehicle tax. They said the gesture meant the government was listening to the cry of the masses and had withdrawn the tax, as announced at the mid-year review of the budget on Monday. The residents were sharply not happy about the…
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Gov’t withdraws luxury vehicle tax
Government is proposing to Parliament the withdrawal of the luxury vehicle tax introduced in 2018. While presenting the 2019 mid-year budget review in Parliament on Monday, the Finance Minister, Ken Ofori-Atta said the government is taking such move following the concerns raised over the tax. “Government in 2018 introduced the Luxury Vehicles Levy to raise…
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Re-evaluate tax measures to help make industry competitive – AGI to Gov’t
Ahead of the 2019 mid-year budget review presentation later this morning, some private individuals and institutions have added their voice, to calls for some major reforms. The presentation of the supplementary budget by the Finance Minister, Ken Ofori-Attah, comes 8 months after the presentation of the main 2019 budget in November last year. Speaking to…
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Consider re-calibrating luxury vehicle tax policy — tax specialist
Ahead of his presentation of the 2019 mid-year budget review to parliament next week, the Finance Minister Ken Ofori-Atta, has been urged to consider bringing an end to the implementation of the luxury vehicle tax policy. The luxury vehicle tax which was introduced during the 2018 midyear budget review by the Finance Minister to help…
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Vehicle dealers freeze planned demo against luxury vehicle tax
The Vehicle and Asset Dealers Association of Ghana (VADAG) has rescinded its decision to hold a series of protests against the luxury vehicle tax. The Association in a press statement said their decision to withdraw from the “KUM YEN PREKO” demonstration was taken after careful consideration and amicable engagement with government. The demonstration being championed…
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Government to review luxury vehicle tax in Mid-Year Budget
The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018/2019 national budget. Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above. The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost…
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Breaking: Government to review luxury vehicle tax in mid-year — Ofori-Atta
The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018 national budget. Under the law vehicles with engine capacity above 3.0 Litres are charged fees ranging from GHS1,000 and above. The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost…