{"id":181092,"date":"2024-05-10T20:18:28","date_gmt":"2024-05-10T20:18:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/10\/tax-exemptions-better-than-incentives-for-churches\/"},"modified":"2024-05-10T20:18:28","modified_gmt":"2024-05-10T20:18:28","slug":"tax-exemptions-better-than-incentives-for-churches","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/10\/tax-exemptions-better-than-incentives-for-churches\/","title":{"rendered":"Tax exemptions better than incentives for churches"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Tax Analyst Francis Timore Boi believes it would be more beneficial for churches to continue to be exempted from taxes on their income, rather than being incentivised.<\/p>\n<p>Timore Boi\u2019s viewpoint follows the announcement by New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, who revealed his intentions to encourage churches to embark on more developmental initiatives rather than subjecting them to taxation.<\/p>\n<p>According to the Vice President, churches are well-positioned to collaborate with the government in driving development in the country. This statement was made amidst initial discussions about the potential of taxing churches.<\/p>\n<p>However, Dr Bawumia is against this idea, citing the significant role churches play in society.<\/p>\n<p>Expressing his views on the feasibility of incentivising churches in an interview on Citi FM\u2019s Eyewitness News with Selorm Adonoo on Friday, Mr Timore Boi stated that it would not be a good idea to incentivise churches with taxpayers\u2019 money.<\/p>\n<p>He suggested that the best course of action would be to continue exempting churches from paying taxes on their income.<\/p>\n<p>However, he believes that it would be appropriate to tax the business income of churches.<\/p>\n<p>\u201cI am not sure it will be perfect to take tax payers money and say we are giving some incentives to the church. The best we can do is to continue exempting them from their income like the offerings and the tithes. Because the idea is that they are going to use it for other charitable purposes.<\/p>\n<p>\u201cSo regarding the business income of the church I think other countries do it. So if we decide to enforce it, that will be a right direction.\u201d<\/p>\n<p>\u201cHowever taking money in order to give it to them, I think that will be overreaching our agenda for incentivising these charitable organisations. I will not subscribe to that. Maybe we can continue to exempt them from the taxes that they are supposed to pay from the proper church income not the commercial income of the church,\u201d he stated.<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tax Analyst Francis Timore Boi believes it would be more beneficial for churches to continue to be exempted from taxes on their income, rather than being incentivised. Timore Boi\u2019s viewpoint follows the announcement by New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, who revealed his intentions to encourage churches to embark on more developmental initiatives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax exemptions better than incentives for churches - 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\/2024\/05\/10\/tax-exemptions-better-than-incentives-for-churches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax exemptions better than incentives for churches - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Tax Analyst Francis Timore Boi believes it would be more beneficial for churches to continue to be exempted from taxes on their income, rather than being incentivised. 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