Vehicle and Asset Dealers’ Association of Ghana, has indicated that it is unperturbed about the possible review of the luxury vehicle levy.
During a media budget review earlier, Finance Minister Hon. Ken Ofori Atta assured the association that there would be some amendments to the luxury vehicle levy.
This decision, according to the Minister, was as a result of some stakeholder meetings.
However, General Secretary of the Association, Clifford Ansu has stated that the levy should be totally scraped off instead of been reviewed.
He said “That news the Finance Minister came to make is not what we are looking for, we are not looking for any review. We are calling for total scrapping because he told us earlier on that any law that has gone through parliamentary procedure can never be reviewed unless it is been suspended so we don’t see where he is going to make that kind of changes that he talked about the last time”
He further hinted on a possible demonstration should government refuse to heed to their calls.
Meanwhile, in an exclusive interview with Radio Univers, Financial analyst, Mr. Daniel Anim has also called for a drastic reduction in the luxury vehicle tax instead of scraping it off entirely.
He said “I think government should talk to stakeholders not to scrap it but to reduce it drastically in a way, because government has put mechanisms into place. Before you set up a tax system a lot of administrative mechanism will have to go into that and that is cost to government and so scrapping it won’t be too good. And let’s all be fair, government also needs some resources to be able to take care of certain expenditure within the National Economy. I will opt for government reducing it maybe appreciably but not scrapping the whole thing”.
Mr. Anim opined that government should explain to stakeholders the importance of this tax as it has already been factored into the 2019 budget. He added that reducing the tax would enable the government meet its’ development target to some extent.
Story by: Hatekah Florence|universnewsroom.com