The government released the car luxurious tax in August 2018 as a new policy to assistance elevate a lot more earnings
Car or truck and Belongings Sellers Association of Ghana are scheduled to strike the streets this thirty day period in protest against the levy imposed on luxurious vehicles.
Talking to JoyBusiness, soon after a meeting with the Trade Minister, Alan Kyeremanteng on the concern, President of the Association, Eric Kweku Boateng justified the will need for the demonstration.
“The reason why we want to reveal once again is that the trade minister and government are not all set to pay attention to us. Considering that they appear in location of the luxurious motor vehicle tax, our organization has almost collapsed. We can not sit again and observe this happen. We will mount these protests in June,” he claimed.
The transfer by the Association follows an previously a single in March in which customers of the Association drove their vehicles in a convoy via some principal streets of Accra, protesting the levy which was launched by the federal government in August 2018 especially for automobiles with motor capacity of 3. litres and earlier mentioned.
The govt released the car luxury tax in August 2018 as a new coverage to support elevate extra revenue.
To this conclude, automobiles with engine capacity of 2950 to 3549 Cubic Centimetres are necessary to pay back GH¢1,000, even though people with engines amongst 3,550 to 4049 cubic centimetres pay back GH¢1,500. Vehicles with engine capacities previously mentioned 4049cc are to spend GH¢2,000.
According to Mr Boateng, around 5,000 meant luxurious vehicles have been parked in different garages throughout the state as prospective customers have refused to buy them since they were hoping to steer clear of the levy.
He said all those who went for financial loans to import their autos are not able to pay back again and are currently being harassed by their bankers.