Tag: Tax Exemptions Bill
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GNCCI urges gov’t to introduce deliberate policies to boost revenue mobilisation
The Ghana National Chamber of Commerce and Industry, GNCCI, has reiterated calls for government to operationalise the Tax Exemption Bill and the Property Tax law and other deliberate programmes to boost domestic revenue mobilization. According to the Ghana National Chamber of Commerce and Industry, the high cost of doing business in the country which they…
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Parliament passes Tax Exemptions Bill 2022
Parliament has passed the Tax Exemptions Bill 2022 to streamline the tax exemption regime in the country. The Bill, among other things, comprises tax waivers given to local and foreign companies to encourage increased investment and more foreign direct investment in the economy. When assented to by the President, the Tax Exemptions Bill will strengthen…
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AGI urges Government to speedily take a decision on Tax Exemptions Bill
The Association of Ghana Industries, AGI, is entreating Parliament to decide on the tax exemption bill which was brought before the house in 2019. The push by the Association follows calls by many stakeholders to government to put in place measures to ensure the State is not deprived of billions of cedis, especially through tax…
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Use 2022 Mid-Year Budget to review tax exemption regime – GUTA
The Ghana Union of Traders’ Association (GUTA) has once again underscored the need for government to review the tax exemption regime to curtail revenue losses, as the Minister of Finance, Ken Ofori-Atta prepares to present the Mid-Year Budget Review on the 13th of July. According to the Association, there is a lack of urgency in…
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Government withdraws Tax Exemptions Bill from Parliament
Government has withdrawn the Tax Exemptions Bill from Parliament. Even though no official reason was given on the floor for the withdrawal, Citi Business News sources indicate that the withdrawal is to make way for corrections and amendments to the bill. After years of advocacy and pressure from civil society organizations and other actors in…
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CSOs begin fresh push for passage of Tax Exemptions Bill
There is a fresh push for the re-introduction of the Ghana Tax Exemptions Bill in Parliament. A group of civil society organisations with funding from Oxfam want the Bill back on the agenda of the 8th Parliament after the 7th Parliament failed to pass it. Under the Legislative Advocacy project, the Tax Justice Coalition, Ghana…
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Passage of Tax Exemptions Bill will boost revenue mobilization – Stakeholders
Some stakeholders have reiterated the need for Government to fast-track the passage of the Tax Exemptions Bill to ensure monies lost to tax exemptions are mopped-up to aid government’s revenue mobilization. Many have described the new revenue targets, especially, the non-oil tax revenue of GHC 53.6 billion, as high considering the marginal increases in revenue…
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Tax Justice Coalition calls for urgent passage of Tax Exemptions Bill
The Tax Justice Coalition of Ghana has called for the immediate passage of the Tax Exemptions Bill to help curb the negative impact of tax exemptions on government’s revenue mobilization efforts. According to them, there is an urgent need for clear criteria for giving tax holidays to businesses, to help streamline and address the shortfalls…
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Parliament urgently needs to take a decision on Tax Exemptions Bill – Tax expert
A Tax Expert and a partner at PricewaterhouseCoopers, Abeiku Gyan-Quansah, has called on Parliament to take a decision on the Tax Exemptions Bill, which was brought before the house last year. Mr. Gyan-Quansah, speaking at a forum organized in Accra by Graphic Business and Stanbic Bank, said there is a lack of urgency in the…
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Parliament urgently needs to take a decision on Tax Exemptions Bill – Tax expert
A Tax Expert and a partner at PricewaterhouseCoopers, Abeiku Gyan-Quansah, has called on Parliament to take a decision on the Tax Exemptions Bill, which was brought before the house last year. Mr. Gyan-Quansah, speaking at a forum organized in Accra by Graphic Business and Stanbic Bank, said there is a lack of urgency in the…