Luxury vehicle demonstration postponed to March 7

Luxury vehicle demonstration postponed to March 7

The proposed demonstration by six groups against the luxury vehicle tax has been postponed to March 7, 2019.

About 2,000 luxury vehicle owners were expected to take part in the demonstration which was scheduled for today by driving their vehicles to the premises of the Ministry of Finance, Parliament House and the Jubilee House.

The demonstration was scheduled to start at 8 am from the Obra Spot through Kwame Nkrumah Avenue to Farisco Traffic light through to TUC before driving to the premises of the mentioned institutions.

Luxury vehicle demonstration postponed to March 7

Source: UGC
Source: UGC

READ ALSO: Meet the Ghanaian soldier declared the strongest man in Africa

The six groups are the Vehicle and Asset Dealers Association of Ghana (VADAG), National Concerned Spare Parts Dealers Association, True Drivers Union, Concerned Drivers Association, Ghana Committed Drivers Association and Chamber of Petroleum Consumers.

Speaking to Graphic Online, the Chairman of the group, Eric K. Boateng, said the demonstration was postponed following a meeting with the police.

He explained that the police advised that the large number of vehicles taking part in the demonstration would cause vehicular traffic in the capital, hence the need to restructure their plan.

READ ALSO: Kumasi shooting: 4 NDC Hawks declared wanted by the police

He further stated that the demonstration against the luxury vehicle tax was necessary because it was collapsing their businesses as people are no more buying the cars and those who have bought the cars already are returning them.

“Those we have sold to them are returning the cars,” he said.

According to him, many people buy vehicles with such engine capacity because of the bad roads in the country.

Mr Boateng wondered why government would brand vehicles with engine sizes of 3.0 and above as luxury without taking into consideration other components of the cars.

He said such a tax “has never happened in our history and that is why we also want to do this historic demonstration against the government.”

READ ALSO: 56 former UT and Capital Bank employees to go home for failing SSSCE & WASSCE exam

In July 2018, the Minister of Finance, Ken Ofori Atta in the mid-year budget review, announced the imposition of a luxury vehicle import tax as part of a new policy to help raise more revenue.

He said the tax would be imposed on luxury vehicles with the capacity of 3.0 litres and above.

The implementation of the luxury vehicle law commenced August 1, 2018 after Parliament passed it to impose an annual levy on vehicles with high engine capacities after it was proposed by the government.

Yenkasa: Should Corporal Punishment be Abolished? | #Yencomgh

Subscribe to watch new videos

Click here to get the latest exciting English Premier League news. Get match highlights, reports, photos & videos all in one place.

Source: Yen.com.gh

Related news
Amazing video drops as Nana Ama McBrown finally shows the face of her child for the first time

Amazing video drops as Nana Ama McBrown finally shows the face of her child for the first time

Amazing video drops as Nana Ama McBrown finally shows the face of her child for the first time
YEN.com.gh
Mailfire view pixel