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NDCs Tetteh Chaie Lauds Govt For Abolishing Tax On Spare Parts   
 
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02-Mar-2017  
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Former NDC MP for Ablekuma Central had lauded government on its plans to remove import duties on automobile spare parts to help reduce prices of vehicle spare parts in the country.

According to Theophilus Tetteh Chaie, it will bring relief to dealers of spare parts especially in his constituency whose business are near collapse.

The new on the removal of taxes on the spare parts has gone viral and is spreading like wildfire after Finance Minister, Ken Ofori-Atta announced it in his maiden budget.

He said this was part of an initiative to improve the ease of doing business for importers in the automobile industry.

Mr Ofori-Atta added that the government would introduce several reforms in order to grow the private sector.

But the opposition NDC christened the 2017 budget as 491 noting that it just a collection of policies to deceive Ghanaians.

But the former NDC MP on Asempa FM’s Ekosii Sen programme Thursday commended government for the human-friendly policies.

He indicated that the abolishment of the taxes means that buyers of automobile parts will enjoy relief on vehicle spare parts following the abolishment of the import duties on spare parts.

The former MP who was also the Chairman of Parliament's Select Committee on Roads and Transport also commended government for abolishing taxes on aviation fuel.

He was convinced the focus on tax reduction which is a primary concern for government will facilitate business expansions and job creation, this he said will lead to corporate and income tax benefits.

Theophilus Tetteh Chaie, however, cautioned the traders who are the major beneficiaries of the tax cuts to also reduce the prices of their goods to benefit consumers.

 
 
Source: adomonline.com
 
 

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