{"id":647228,"date":"2019-06-28T18:14:44","date_gmt":"2019-06-28T18:14:44","guid":{"rendered":"<br><div>\n<p class=\"floatLeft\">Business News of Friday, 28 June 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n2019-06-28\n\n<div class=\"article-left\">\n<p class=\"article-image\"><img src=\"https:\/\/cdn.ghana-mma.com\/2019\/06\/15"},"modified":"2019-06-28T18:14:44","modified_gmt":"2019-06-28T18:14:44","slug":"government-to-review-luxury-vehicle-tax-in-mid-year-budget","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/06\/28\/government-to-review-luxury-vehicle-tax-in-mid-year-budget\/","title":{"rendered":"Government to review luxury vehicle tax in Mid-Year budget"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">Business News of Friday, 28 June 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n<p>2019-06-28<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanamma.com\/2019\/06\/1561745684_248_49743258.295.jpg\" alt=\"Ken Ofori Atta Jaw\" title=\"Ken Ofori Atta Jaw\" width=\"295\" height=\"200\" \/><span class=\"image_caption\"><span>Finance Minister, Ken Ofori-Atta<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\">The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018\/2019 national budget.<\/p>\n<p>Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above.<\/p>\n<p>The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost of doing business.<\/p>\n<p>Speaking at a press briefing, Finance Minister Ken Ofori-Atta assured that government has listened to the concerns of Ghanaians and will make changes to the law in the mid-year budget review scheduled for next month [July].<\/p>\n<p>\u201cWe have received quite a bit of feedback from the implementation of the luxury vehicle tax. We did go through a lot of stakeholder discussions before that occurred. We are almost coming to a year of implementation and looking at how we will review it so that concerns are taken care of,\u201d he stressed.<\/p>\n<p>Mr. Ofori-Atta explained that government is looking at the effectiveness of the law to help achieve its revenue mobilization target.<\/p>\n<p>Even though the minister did not disclose the form in which the review will take, he maintained that significance changes will be made to the law.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Friday, 28 June 2019 Source: citibusinessnews.com 2019-06-28 Finance Minister, Ken Ofori-Atta The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018\/2019 national budget. Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above. The law has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":637039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1522,245,2371,3094,2144,1085,175],"class_list":["post-647228","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news","tag-budget","tag-government","tag-luxury","tag-midyear","tag-review","tag-tax","tag-vehicle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government to review luxury vehicle tax in Mid-Year budget - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/06\/28\/government-to-review-luxury-vehicle-tax-in-mid-year-budget\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government to review luxury vehicle tax in Mid-Year budget - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Friday, 28 June 2019 Source: citibusinessnews.com 2019-06-28 Finance Minister, Ken Ofori-Atta The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018\/2019 national budget. Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above. 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