Government will soon lay before Parliament, the necessary instruments that would give legal backing to the scrapping and review of some taxes, the Majority Leader in Parliament, Osei Kyei Mensah-Bonsu has revealed.
According to the Suame MP, the review or abolition of over ten taxes in the 2017 budget, will only take effect after approval from Parliament.
Speaking to the media on Tuesday, he said it was imperative Parliament approved the taxes before the budget is even approved.
“The budget is a very business-like matter before us and we’ll have to apply critical thinking and analysis to it. Once we are through with it, we also may need to deal with a lot of money Bills because the Finance Minister related to a lot of taxes; some of them to abolished, some to be reconfigured and so on and so forth.”
“These money bills, we may have to approve off before the appropriation bill is concluded because they will have a direct impact on the budget, the out-turns and the outcomes of the budget,” the Majority Leader explained further.
Anytime from today [referring to Wednesday, March 8], 2017 Mr. Mensah Bonsu added, the money bills will start coming to Parliament for the relevant referrals to be made.