Parliament to begin review of tax reforms

Parliament to begin review of tax reforms

Osei Kyei Mensah-Bonsu has disclosed that the essential factor necessary to legally support the new tax reforms by the government will soon be presented before parliament.

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According to Citi FM report, the member of parliament for Suame said the reforms on over 10 taxes, will only be implemented after approval from parliament.

Gov't to lay bill of tax reforms before parliament

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The budget is a very business-like matter before us and we’ll have to apply critical thinking and analysis to it. Once we are through with it, we also may need to deal with a lot of money Bills because the Finance Minister related to a lot of taxes; some of them to abolished, some to be reconfigured and so on and so forth," he said.

Kyei Mensah-Bonsu further stated, “these money bills, we may have to approve off before the appropriation bill is concluded because they will have a direct impact on the budget, the out-turns and the outcomes of the budget."

According to him, starting Wednesday, parliament will begin reviewing the bills that will be present.

Meanwhile the Right to Information Bill will possibly be presented to parliament again for a review when the House sits in May, Kyei Mensah-Bonsu said.

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The Right to Information Bill was drafted in 1999 and was reviewed in 2003, 2005 and 2007.

In 2010, the first attempt to enact the law of the RTI bill failed after it was presented again to parliament in February of that year.

The RTI bill was again brought before parliament in 2013, however the 6th parliament of the 4th republic failed to pass the bill.

"Because of the considerations that went into it, I guess the new government would have to factor in those considerations before being re-laid in this new parliament. It is my anticipation that, the next meeting which likely will be mid-May, that Bill may have a resurrection in the Parliament of Ghana," he stated.

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