NDC flagbearer John Mahama says he will exempt Commercial vehicles, industrial and agricultural machinery from import duties if he secures power in December.
“And we will exempt Commercial vehicles, industrial and agricultural machinery from import duties. My government from 2021 will exempt vehicles and all other equipment imported into the country for commercial, industry and agricultural purposes from import duty,” he told labour unions in the Volta region where is currently campaigning.
Mr. Mahama also said he will implement business strategies that will exempt startups and other smaller business from paying taxes for at least year.
“Newly established medium-sized companies that employ staff up to twenty (20) will be completely exempt from the payment of corporate income tax for one year. And newly established medium enterprises that employ more than twenty (20) staff will be exempted completely from the payment of corporate income tax for two years”.
On the fight for social justice, the NDC flagbearer said: “In pursuance of social justice, I will vigorously push through a constitutional review that creates a fairer and just emoluments system and removes the distortions between Article 71 Officeholders and other public sector employees. § Launch “Operation Sting” and be ruthless against all corrupt political appointees and public sector workers. § It will be a requirement for all who serve in my Government to publish their assets declaration and have same audited by the Auditor General. § Drastically reduce the size of government. And Pay Assembly Members to perform the function of collecting accurate births and deaths information in their various electoral areas”.
Source: Starr FM