{"id":4159,"date":"2024-03-21T12:58:56","date_gmt":"2024-03-21T12:58:56","guid":{"rendered":"https:\/\/www.fishfmonline.com\/?p=4159"},"modified":"2024-03-21T12:59:02","modified_gmt":"2024-03-21T12:59:02","slug":"businesses-to-enjoy-tax-amnesty-in-2025-bawumia","status":"publish","type":"post","link":"https:\/\/www.fishfmonline.com\/?p=4159","title":{"rendered":"Businesses To Enjoy Tax Amnesty In 2025 \u2013 Bawumia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Flagbearer of the governing New Patriotic Party (NPP),&nbsp;Dr. Mahamudu Bawumia, has stated that his administration will grant a tax amnesty to all businesses and individuals in Ghana to start with a clean slate in 2025.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Vice President made the revelation while interacting with members of the Ghana Chamber of Commerce and Industry on Wednesday, March 20, in Accra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are going to start with a clean slate in 2025. And that is why, in 2025, we are going to grant a tax amnesty to all businesses and individuals and start afresh, he said amidst applause from the audience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAll businesses and individuals will have a tax amnesty and we will start afresh,\u201d he reiterated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Vice President, Dr. Bawumia, also expressed concerns over the Ghana Revenue Authority\u2019s (GRA) modus operandi in tax mobilisation indicating the GRA \u201charasses businesses\u201d under the guise of tax collection.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ose-youtube ose-uid-a7dbe47b6fdc225fec5faa386ed56373 ose-embedpress-responsive\" style=\"width:400px; height:400px; max-height:400px; max-width:100%; display:inline-block;\" data-embed-type=\"Youtube\"><iframe loading=\"lazy\" allowFullScreen=\"true\" width=\"400\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/f2-SBLvMwBo?feature=oembed&color=red&rel=0&controls=1&start=&end=&fs=0&iv_load_policy=0&autoplay=0&mute=0&modestbranding=0&cc_load_policy=1&playsinline=1\" frameborder=\"0\" allow=\"accelerometer; encrypted-media;accelerometer;autoplay;clipboard-write;gyroscope;picture-in-picture clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen referrerpolicy=\"origin\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">He therefore attributed the seeming harassment from the GRA on businesses to \u201cachieving unrealistic targets.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThey are harassing businesses. That harassment is coming from the sort of targets that are created at their office. They are setting unrealistic targets. And this is because the tax base is so narrow you say to them, this is your target for this month, and they are trying to figure out where do I go.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThen for them, it is very easy, you go back to where you had it the last time. You go to taxpayers, the people who are already paying taxes and then you have to come up with a new reason why they should pay more and so you come up with all sorts of stuff,\u201d said Dr. Bawumia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He proposed introducing a flat tax rate in 2025 and providing tax amnesty to businesses upon assuming office.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSo we are going to start the new system; it\u2019s a flat tax system so we are going to wipe the slate clean for every individual and business,\u201d he stated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This, according to the NPP presidential candidate, will be a panacea to the issues businesses face with the GRA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flagbearer of the governing New Patriotic Party (NPP),&nbsp;Dr. Mahamudu Bawumia, has stated that his administration will grant a tax amnesty to all businesses and individuals in Ghana to start with a clean slate in 2025. The Vice President made the revelation while interacting with members of the Ghana Chamber of Commerce and Industry on Wednesday, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9,41],"tags":[864],"class_list":["post-4159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-general-news","tag-bawumia"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4159"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4159\/revisions"}],"predecessor-version":[{"id":4161,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4159\/revisions\/4161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/4160"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}