Small businesses would be exempted from corporate tax when I am voted back– Mahama
- John Dramani Mahama has stated that when he is voted back into office small businesses would not be paying any tax
- According to him, they will be completely exempted from corporate income tax
- He added that commercial vehicles, industrial and agricultural machinery would also be exempted from import duties
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With less than 120 days to the 2020 general election, political parties are trying their possible best to put out the best policy for electorates to decide.
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, is one of those who really want the votes of electorates to come back into office.
He has stated that when he is voted back into office small businesses would not be paying any tax.
He said it these small companies will be completely exempted from corporate income tax
He made this known while addressing the leadership of organised labour and professional groups at the Ho Technical University on Wednesday, 19 August 2020 as part of his campaign tour of the Volta region.
Source: Original
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“Corporate income tax for medium-sized companies will be reduced from the current 25% to 15%,.” Mahama noted.
He added that commercial vehicles, industrial and agricultural machinery would also be exempted from import duties.
“My government from 2021 will exempt vehicles and all other equipment imported into the country for commercial, industry and agricultural purposes from import duty.”
READ ALSO: Mahama assures Ghanaians of free primary healthcare
In other news, the presidential candidate of the National Democratic Congress (NDC), John Dramani Mahama, says a new NDC government will implement a Free Primary Health Care Plan to provide health for all Ghanaians.
He stressed, “this will remove cost as a barrier to healthcare and ensure health for all.”
Addressing members and supporters of NDC at Akatsi on Tuesday, August 18, as part of his four-day tour of the Volta Region, Mr. Mahama noted that despite the implementation of the NHIS, gaps still remain in the delivery of universal healthcare in the country.
READ ALSO: Video drops as mammoth crowd welcomes Prez Akufo-Addo to T'di market circle
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Source: YEN.com.gh
