Audio By Carbonatix
Players in the tourism sector are to get back the duty exemption they used to enjoy when they imported specific capital equipment, machinery and appliances among others, which was withdrawn in 2011 because they abused it.
This time, though, the duty has to be paid first; and when the investor proves that, indeed, the refrigerator, television set or bedding and fixtures he/she imported was dully installed in a tourism establishment, they receive a refund.
“Initially, the business community complained, asking why should they pay first; but now people have understood that it is to check fraud,” CEO of the Ghana Tourism Authority, Akwasi Agyeman, told the B&FT.
“So, we are bringing it back; we have had extensive discussions with GIPC and it is at a point where it will be reintroduced in parliament during the coming months,” he explained.
“We only get more revenue when more registrations come up; that is why we are encouraging investments,” he indicated.
Among other things, he disclosed that the authority has already served notice for industry players to either register their establishments or face sanctions, saying: “What we have done is to give a grace-period so, that those unlicensed establishments can come and register at no cost. Once they do the registration, then we can pursue enforcement of the law,” he said.
This, he added, is to enable the GTA collect taxes due the state, and ultimately increase the authority’s revenue going forward.
The authority (GTA) has a GH¢23million revenue target for 2018, which Akwasi Agyeman explained will be realised from internally generated funds as well as through the tourism levy – a 1 percent levy paid by users of tourism establishments in the country.
“This year, our target is to realise about GH¢8million from internally generated funds. We are also looking at GH¢15 – GH¢16million from the Tourism Levy, which will be a 50 percent increase over what we did last year,” Mr. Agyeman said.
Latest Stories
-
Tunisian journalists protest over media crackdown after colleague’s arrest
9 minutes -
Equatorial Guinea police pull guns on migrants deported by Trump, witnesses say
18 minutes -
Singaporean man pleads guilty in US to massive crypto heist
27 minutes -
WHO says staff shortage, funding challenges hamper Congo Ebola response
37 minutes -
IMF is not Father Christmas; Ghana must take charge – PUWU
46 minutes -
More UK flight delays expected after hundreds cancelled by air traffic control glitch
1 hour -
Very hot drinks may damage the food pipe and increase cancer risk
1 hour -
Fix IPP pricing, not just ECG, PUWU tells IMF, World Bank
1 hour -
OpenAI says it cracked 90-year-old maths problem in 88 hours
2 hours -
Meta continues to run ads promoting child sexual abuse material in India – Report
2 hours -
‘The first game was weird’ – Sampson reflects on Black Princesses’ Ecuador defeat
2 hours -
Ghana can fix its energy sector without IMF, World Bank – PUWU
2 hours -
Charles Sampson demands more confidence in front of goal from Black Princesses
2 hours -
‘We have shaken it up’ – Sampson says Black Princesses ready to redeem themselves
2 hours -
ECG revenue is improving, so what has changed? – PUWU challenges World Bank
3 hours