Audio By Carbonatix
Government is looking at the option of reviewing taxes imposed on imported mobile phones or tightening checks at the ports, following reports of some smuggling by importers of mobile handsets.
Joy Business gathers that officials at the revenue authority fear this might affect the projected revenue of almost 50 million Ghana cedis.
Tax consultant, Ali Nakyea tells Joy News the development shows that government should look at levying the duty on consumption rather than the handsets.
“Of course there would be a use of it, so in the use he has to contribute to national development by paying a tax on the use of it, it would not be distortionary as it were, the impact would be lower because it would be on an ability to pay.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Keeping Ofori-Atta for 8 years was Akufo-Addo’s worst decision – Winston Amoah
18 minutes -
Whose security? whose interest?: U.S. military action, Nigeria’s internal failure, and the dynamics of ECOWAS in West Africa
27 minutes -
Abuakwa South MP names baby of 13-year-old teenage mother after First Lady
38 minutes -
Police thwart robbery attempt at Afienya-Mataheko, 4 suspects dead
57 minutes -
Don’t lower the bar because things were worse before – Kojo Yankson on Mahama gov’t
2 hours -
Jefferson Sackey rallies support for Dr. Bawumia
2 hours -
2024 elections helped stabilise Ghana’s democracy – Sulemana Braimah
2 hours -
Livestream: 2025 Year in Review
3 hours -
Ghana’s crypto transactions hit $10bn by November – SEC
3 hours -
SEC says VASP law will protect investors, ensure market integrity
3 hours -
Mandatory Smart Port note will increase cost of doing business – Coalition of exporters, importers and traders
3 hours -
Banda MP hands over police station, quarters to Banda Boase communityÂ
3 hours -
I’m going to spend a lot more energy to make Kumasi clean – KMA boss
3 hours -
We’re on a journey together to restore our party to its rightful place – Dr. Bawumia to NPP delegates
3 hours -
Thieves use drill to steal €30m in German bank heist
3 hours