Pulse.com.gh logo
Go


Ghana Stabilisation Levy Scrap stabilisation levies- Financial Journalists to Terkper

This is to decrease the tax burden of   businesses operating in country, according to the group.

  • Published:
Finance Minister, Seth Terkper play

Finance Minister, Seth Terkper

The group, Journalists for Business Advocacy is asking the Minister of Finance, Seth Terkper to cancel the National Fiscal Stabilisation levy, as a matter of urgency.

This is to decrease the tax burden of   businesses operating in country, according to the group.

In a statement signed by Toma Imirhe, the group’s lead person on Economics and Finance, the group is concerned about government’s intentions to further extend the application of the National Fiscal Stabilisation Levy  to the end of 2017.

READ MORE: Finance Ministry fails to pay stabilisation and heritage funds for 2015

“This planned extension of the levy will further increase the financial difficulties of all the companies on which it is being levied,” the statement said.

They added that it will be unwise for government to implement both the new Income Tax Act 2015, (Act 896), which has introduced sweeping reforms and adjustments which are already biting businesses and individuals hard, and as well extend the National Financial Stabilisation Fund to 2017.  

“We wish to remind the government that when the NFSL was reintroduced, effective mid-July 2013, the legislation backing its establishment set its duration at 18 months. Therefore, the levy should have been withdrawn at the end of 2014, but this did not happen. Rather, the government now intends to apply it until the end of 2017,” the statement added.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Police arrest 6 Menzgold customers trying to lock up Zylofon officebullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 How to create a verified PayPal account Learn how to create a...bullet
4 How to write a memo How to write a memo like a probullet
5 Menzgold suspends online trading; ask staff to go on leavebullet
6 How to create an NGO in Ghana How to register and start an NGObullet
7 1D1F: Nana Addo commissions diaper making factory in Bortianorbullet
8 Don’t pay victims of financial scams; it sends bad...bullet
9 Capemay Properties unveils 209 Signature Apartmentsbullet
10 Ghana to stop importing rice soon – Agric Ministerbullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business

X
Advertisement