Parliament will today vote on the Income Tax (Amendment) Bill, Excise Duty and Excise Tax Stamp (Amendment) Bills as well as the Growth and Sustainability Levy Bill.
Approval of these outstanding revenue mobilisation bills will facilitate the Board Approval for the $3 billion International Monetary Fund (IMF) Programme staff-level agreement.
The passage of all the outstanding revenue Bills which are necessary for effective Budget implementation as well as boosting efforts at increasing Tax-to-GDP from less than 13% to the sub-Saharan average of 18%.
The passage of the Bills will enable the government to complete four out of five agreed Prior Actions in the Staff Level Agreement.
Already, the government has completed tariff adjustment by the Public Utilities Regulatory Commission (PURC), Publication of the Auditor-General’s Report on COVID-19 spending, and Onboarding of Ghana Education Trust Fund (GETFund), District Assemblies Common Fund (DACF) and Road Fund on Ghana integrated financial management information system (GIFMIS).
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
