Dr. Matthew Opoku Prempeh, the MP for Manhyia South, has accused the Finance Ministry of abusing the parliamentary process of exempting taxes to organizations’ agreement by the administration to render services to the general public.
He noted, since Parliament has hardly turned down an appeal for waiver of taxes on goods imported and or procured locally for use by the public, the Ministry of Finance has taken advantage and abusing the process.
“This House has to be careful. Even before the Minister appears in the House with an exemption strategy, these things should be granted on arrival where the true assessment is developed. How many times has Parliament denied a tax waiver? But when these things have not came and or are being generated locally, and you are asking for tax exemptions, Mr. Speaker, who are we cheating?”
Dr. Prempeh stated that “I guess this is an insult of the parliamentary process. The tax waivers should only be brought when the materials come into the nation where a true and complete assessment is made. I’ve had the opportunity to sit in a conference where the amount quoted as tax waivers are hilarious”.
MP made this statement when contributing to the motion for the assumption of the Report of the Finance Committee on the appeal for waiver of Import NHIL, Import Duty, ECOWAS, Import VAT, EDAIF, Levy and other project-related imports costing to US$40,171,308.21 on items, equipment and services to be imported and or generated locally under the arrangement between the Government of Ghana and Credit Suisse International for the establishment of five-thousand reasonable housing units by Construtora OAS Ltd for the public.
Further, he told the House that the waiver be suspended until the Ministry of Finance is able to provide a fair assessment of the materials they are asking to be exempted from taxes.
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