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The MP for North Tongu, Volta Region, welcomed the government's turnaround the tax on luxury vehicles.
Finance Minister Ken Ofori-Atta announced Monday in his presentation to Parliament on the mid-year budget review that the controversial tax had been withdrawn.
Ofori-Atta presented the budget revision to Parliament on Monday
The tax on luxury vehicles brings in 21.3 million GH ¢ in 5 months
Government Withdraws Tax on Luxury Vehicles
Sam Okudzeto Ablakwa said it was a "major victory" for protesters who marched in the capital, Accra, to protest economic and other hardships.
The legislator added that it is time "to reflect on the quality of the research, the level of consultation and the validity of the political hypotheses that could have avoided this embarrbadment".
Who targeted the tax?
The luxury vehicle tax required drivers of vehicles with a displacement greater than or equal to 3.0 or higher to pay vehicle taxes.
However, ambulances, trucks, commercial vehicles and other selected vehicles have been exempted.
The government justified the tax; saying that it was a way to get the rich to pay more while increasing their incomes.
However, a crowd of people rejected this initiative from the beginning and called for its immediate abolition.
In saying the same thing, the minister said, "We have taken note of suggestions from the general public about the implementation of this tax; as a responsive government, we are proposing to the House the withdrawal of the tax ".
The House should debate the finance minister's presentation on Tuesday.
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