NDC will scrap law on the ban of importation of salvaged vehicles - Mahama
- The NDC has launched its manifesto for the December 2020 elections
- The party is promising to scrap the ban of importation of salvaged vehicles
- The party's flagbearer, John Mahama said the scrapping of this would still keep those who sell spare parts in business
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Flagbearer of the National Democratic Congress, John Dramani Mahama has revealed that when he is voted into power, he would scrap the law banning the importation of salvaged vehicles.
According to him, the decision to scrap the ban on the importation of salvaged vehicle was informed by the spare part dealers at Abossey Okai who otherwise would have been out of business.
He added that, it is meant to stimulate the local automotive industry rather than kill it.
He made this known during the ongoing Manifesto launch of the National Democratic Congress.
Source: UGC
READ ALSO: NDC Manifesto: Party promises exemption of taxes for small businesses
Parliament passed the Customs (Amendment) Bill, 2020 that bans the importation of accident and salvaged motor vehicles into the country.
According to the report, the law would take effect from October 2020.
The passage of the bill came after the adoption and approval of the report of the Joint Committees on Finance, Trade and Industry and Tourism for amendments to be made in the Customs Act, 2015 on March 3, 2020.
The law, signed by President Nana Akufo-Addo on April 30, would take effect from October 2020.
READ ALSO: Why I am a far better choice than Nana & JM; Marricke Kofi Gane explains in video
Meanwhile, Mahama, has promised that if the NDC is voted into power, his government will exempt small businesses from tax.
He said the payment of corporate income tax will be scrapped for the small business in order for them to reinject the money into their businesses.
For medium businesses, Mahama says the corporate income tax will be reduced from 25% to 15%.
READ ALSO: I run for President again because I want to leave a legacy - Mahama claims
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Source: YEN.com.gh
