We will reduce importation tax by 50% - Bawumia

We will reduce importation tax by 50% - Bawumia

The vice president, Mahamudu Bawumia has disclosed that government would reduce benchmark import values by 50%, while that of cars would be reduced by 30%.

The said reduction in importation charges would take effect tomorrow, Thursday, April 4, 2019.

Speaking at a town hall Meeting on Wednesday, April 3, 2019. the vice president said this directive is to help reduce the smuggling at the ports and also to enhance revenue.

We will reduce importation tax by 50% - Bawumia

Vice President, Mahamudu Bawumia Source: UGC
Source: Facebook

READ ALSO: Bawumia says NPP's worst performance is better than NDC's best performance

“To reduce the incidence of smuggling and enhance revenue, the benchmark delivery values of import will be reduced by 50%. However for vehicles, the reduction will be 30 percent,” said the vice president.

Watch: Brainstorming: 6*8=? / Spell 'Your Name'| #Yencomgh

Subscribe to watch new videos

Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.

READ ALSO: Lebanese busted at Kotoka International Airport for money laundering

Source: Yen.com.gh

Related news
Brilliant Ghanaians with high SAT scores get full scholarships to top US varsities

Brilliant Ghanaians with high SAT scores get full scholarships to top US varsities

Brilliant Ghanaians with high SAT sores awarded full scholarships to top US varsity
YEN.com.gh
Mailfire view pixel