The government has announced the suspension of vehicle income tax for beneficiaries of commercial public transport popularly called trotros and taxis.
This the Caretaker Finance Minister Osei Kyei Mensah Bonsu said is aimed at reducing the cost of transportation under its tax relief program.
Presenting the 2020 Budget statement to Parliament Friday, the Suame MP said, “Government in 2020 outlined a number of initiatives to cushion the effect of the pandemic on the populace.
“Some sectors of the economy and sections of the population, however, continue to suffer the devastating consequences of the pandemic.”
Hon. Kyei Mensah Bonsu, who is also Minister responsible for Parliamentary Affairs explained that “Government is, therefore, rolling out these additional reliefs for different sections of the population especially those hardest hit by the pandemic.”
Regarding Vehicle Income Tax, he said government is suspending the “quarterly instalment payments of the vehicle income tax for the third and fourth quarters of 2021 for trotros and taxis as part of measures to reduce the cost of transportation.”
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