We Will Fight For Withdrawal Of 3 New Taxes - GUTA

The quest by the business community to ensure government withdraws the three new taxes that were approved recently is not over yet, despite ongoing implementation by the Ghana Revenue Authority. The GRA has begun implementation of two of the new taxes this week after a series of engagements and agitations from sections of the public.

But after the swearing-in of new executives of the Abbosey Okai Spare Parts Dealers Association, Clement Amoateng said GUTA will continue to engage the government in order to get these taxes reviewed during the 2023 Mid-year Budget Review. GUTA is still calling on the government to have an engagement so that we can offer some solutions that will raise more revenue than the taxes.

But we are looking at the 2023 Mid-year Budget Review for the taxes to be reviewed. It is not too late for us as a trading community and we will still be pushing. But in the meantime, we have to pass on the cost to consumers because this is a business and every businessman or woman will do that, he added.

The three taxes - Growth and Sustainability Levy, Excise Duty Amendment Bill and Income Tax Amendment Act were introduced to replace some old taxes in the system. Despite a series of agitations from the business community and some stakeholders, the levies have been approved and implementation begun by the Ghana Revenue Authority.

Meanwhile, the newly sworn-in Chairman of the Abossey Okai Spare Parts Dealers, Henry Okyere Jnr, has assured members it administration will offer the best for the association. Top on the agenda for the newly elected executives will be the move to de-congest the area to ease traffic flow for customers.