The fight by the business and the trading community against the three new taxes is not yet over, despite implementation by the Ghana Revenue Authority on May 1, 2023.
The Ghana Union of Traders Association (GUTA) has indicated that the association will continue to engage the government to get these taxes reviewed in the 2023 mid-year budget review.
The GRA began implementation of two of the new taxes on Monday, May 1 after a series of engagements and agitations from sections of the public.
According to the national organizer of GUTA, Clement Amoateng, the association will continue to engage the government to get these taxes reviewed during the 2023 Mid-year Budget Review.
“GUTA is still calling on the government to have an engagement so that we can offer some solutions that will raise more revenue than the taxes. But we are looking at the 2023 Mid-year Budget Review for the taxes to be reviewed”.
“It is not too late for us as a trading community and we will still be pushing. But in the meantime, we have to pass on the cost to consumers because this is a business and every businessman or woman will do that”, he added.
The three taxes – Growth and Sustainability Levy, Excise Duty Amendment Bill, and Income Tax Amendment Act were introduced to replace some old taxes in the system.