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The move, the caretaker Minister of Finance, Osei Kyei Mensa Bonsu said is to have a cascading effect on transportation fares under its tax relief programme.
According to him, small businesses will enjoy the suspension of income tax stamp payments.
READ MORE: GPRTU denies increase in transport fares
Osei Kyei Mensa Bonsu reading the budget statement and economic policy of the government in Parliament on Friday, March 12, 2021, announced a 30% corporate income tax relief for hotels, restaurants, travel and tours, as well as the arts, entertainment, and education sectors.
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He said a "waiver of penalty and interests on accumulated tax arrears up to December 2020 to reduce cash flow challenges."