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Government imposes tax on luxury cars

Government is set to begin imposition of taxes on luxury vehicles as part of new measures to help raise revenue to finance government projects.

Presenting the midyear budget review for 2018 in Parliament, finance Minister, Ken Ofori Atta said all luxury cars with an engine capacity of 3.0 litres and above, will attract taxes of between GHS1000 and GHS2000 which would be paid during the registration of such vehicles and subsequent annual renewal of documents.

The Minister also revealed that, government will intensify tax compliance as part of efforts to increase public revenue. Mr. Ofori-Atta gave indications that government would deploy experts to audit various multinational companies in order to retrieve all taxes that have been evaded.

The Finance Minister, also indicated that, government remain committed to building an industrious Ghana using the vast natural resources across the country based on experiences from the past and contributions of ideas from the citizenry.

He opined that, government is dedicated to providing true leadership to the citizenry that is focused on partnering the private sector to ensure sustainable development and growth in Ghana.

Vice President, Alhaji Dr. Mahammod Bawumia, Senior Minster Yaw Osafo Marfo and other government appointees were in Parliament when the finance minister came to present the midyear budget to Ghanaians in Parliament.

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