18.8 C
New York
June 20, 2019
The Republic
  • Home
  • News
  • NDC MP press alarm Bell over 1D1F “Blanket” Tax Waiver
Business News

NDC MP press alarm Bell over 1D1F “Blanket” Tax Waiver

Hon Benjamin Komla Kpodo, a member of the Finance Committee of Parliament has pressed an alarm bell, rallying his colleagues minority MPs to patriotically reject what he termed ‘empty’ tax waiver to support the Akufo Addo government flagship policy, One-District-One-Factory, (1D1F).

According to the Ho Central lawmaker, “Whenever, taxes are to be waived on import, what happen is that Ghana Revenue Authority compute the values of the items to be imported and relevant taxes and levies stated so that you determine the amount which Parliament is been requested to waive”.

Government through the Minister for Finance, Ken Ofori Atta, on Monday, March 25, 2019, presented a paper titled, “Request waiver of Import Duties, Import VAT/ GETFund Levy, Import NHIL, ECOWAS Levy, AU Levy, EXIM Levy, on plant, machinery and equipment or parts as tax incentives to support implementation of the One District One Factory (1D1F) Programme”.

But Hon Kpodo, told members of the Parliamentary Press Corp that, the paper currently before Parliament is deficient and is not qualify to be laid as the Minister for Finance sought to do in the august House.

“In first place, it is not contain any amount of taxes which Parliament is been requested to waive. It is a blanket waiver which not the normal practice of Parliament, ” the NDC MP stated.

He further described the Government move as “just a blanket request” pointing out that “Article 174 (2) of The 1992 Constitutions, it is clearly indicated that when tax is going to be waived, you should indicate the person or authority in whom favour the tax is been waived and here in this paper, there isn’t nothing like that so it does qualified to be laid.”

Mr. Kpodo averred that, the government request is unconstitutional and that, “there is no beneficiary, there is authority in whom favour the request is been placed before, Parliament”.

He called on the Finance Minister to humbly withdraw the “blanket”‘tax waiver and do the proper thing in accordance with the law to gain the support of the Minority side of parliament.

Source: therepublicnewsonline.com/Felix Nyaaba

Related posts

Nigerian in Ghana Congratulates new Chief Executive of Diaspora Commission

Felix Nyaaba

I’ll Resource NDC to victory in 2020 if given the mandate― Danny Annang

Felix Nyaaba

MP Host Agotime SHS Students in parliament

Felix Nyaaba

Leave a Comment