I Will Exempt Commercial Vehicles From Import Duties- Mahama

I Will Exempt Commercial Vehicles From Import Duties- Mahama

I Will Exempt Commercial Vehicles From Import Duties- Mahama

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Ahead of the 2020 election, ex-president John Dramani Mahama has promised Ghanaians goodies when voted in power.

He said he will exempt taxing commercial vehicles at the port.

Mr. Mahama also said he will implement business strategies that will exempt startups and other smaller businesses from paying taxes for at least a year.

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I Will Exempt Commercial Vehicles From Import Duties- Mahama
I Will Exempt Commercial Vehicles From Import Duties- Mahama

“And we will exempt Commercial vehicles, industrial and agricultural machinery 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,” he told labour unions in the Volta region where is currently campaigning.

“Newly established medium-sized companies that employ staff up to twenty (20) will be completely exempt from the payment of corporate income tax for one year. And newly established medium enterprises that employ more than twenty (20) staff will be exempted completely from the payment of corporate income tax for two years”.

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