Listen to music while browsing

Gov't proposes tax increases in 2013 budget

Source: Ghana l Myjoyonline.com

Government has announced tax increases as well as new taxes to raise money to fund its ambitious plans for the country in its 2013 fiscal policy statement.

Finance Minister Seth Terkper told Parliament the country's tax regime had remained largely unchanged for a very long even though situations had changed.

He said the increases would not only help the government to expand its social intervention programmes but ensure that the taxes aligned perfectly with existing trends in revenue mobilisation.

Mr. Terkper said that increase in personal income taxes was necessary to redistribute income whilst an adjustment in the tax band was designed to take account of inflation.

The registration threshold of the Value Added Tax will therefore be increased from GH¢90,000 to GH¢120,000.

when the power of love exceeds love of power, we will know peace.
By: jimi hendrix

Cedi Falls Rapidly Crosses GH¢4.00

Monday, March 30, 2015

[B]A dollar was selling at GH¢4.01 and buying at GH¢3.77 at the Forex bureau as ...
read more »

Lufthansa tragedy: Kenpong Travels

Friday, March 27, 2015

The president of Kenpong Group of Companies Mr Kennedy Agyapong has sent a messa ...
read more »

Goldfields Ghana to lay off 200 wor

Friday, March 27, 2015

About 200 workers of mining firm, Goldfields Ghana are set to be laid off before ...
read more »

Gov't secures Parliamentary approva

Friday, March 27, 2015

Government has secured the green light from Parliament to go ahead with the proc ...
read more »