Finance Minister presents key tax amendment bills to Parliament

Finance Minister Ken Ofori-Atta has presented significant tax amendment bills to Parliament, aimed at enhancing the country’s revenue generation framework. These amendments include measures to improve compliance and broaden the tax base, focusing on sectors such as real estate and digital platforms. The proposed changes are designed to address challenges in tax collection and ensure a fairer distribution of tax responsibilities among citizens.

Additionally, the bills seek to streamline existing tax processes while providing incentives for businesses that comply with regulations. Ofori-Atta emphasized that these amendments are crucial for achieving the government's fiscal targets and supporting economic recovery post-COVID-19. By fostering a more equitable taxation system, the government aims to promote sustainable economic growth and development across various sectors. The Finance Committee will review these bills before they proceed through parliamentary discussions, highlighting the importance of stakeholder engagement in shaping effective tax policy strategies for Ghana's future.