Finance Minister, Mr. Ken Ofori-Atta has indicated that the Nana Akufo-Addo administration will reduce tax exemptions and also broaden the tax base as part of several measures being considered to protect and enhance the public purse.
Outlining policy initiatives aimed at energizing the private sector during the presentation of the 2017 budget statement in Parliament on Thursday 2 March, Mr. Ofori- Atta revealed that government intends abolishing and or reviewing 12 tax elements, including abolishing duties on the importation of spare parts.
Many on social media seem happy – with most of their concentration hinged on the tax abolishment on some goods/services. To relief the public of the stress of reading the entire budget statement and its ‘heavy’ unfamiliar technical words, an art work has been designed to update the public on the abolished taxes and Presspeep.com brings to your attention. See below: