Vehicle and Assets Dealers Association of Ghana has welcomed the decision by the Akufo-Addo government to withdraw the Luxury Vehicle Tax which was introduced last year.
President of the Association, Eric Kweku Boateng, said the withdrawal of the Luxury Vehicle Tax shows the Akufo-Addo administration is a listening government and has the citizen’s plea at heart.
“In fact, when we heard the announcement yesterday, we were full of joy and could not hold our happiness,” he told Accra based Okay FM, monitored by Adomonline.com.
Government has withdrawn the Luxury Vehicle Tax which it introduced last year.
The Finance Minister, Ken Ofori–Atta, in his Mid-year Budget Review in Parliament, said while the tax was introduced to raise revenue, “we have noted suggestions from the general public on the implementation of this tax.”
The Luxury Vehicle Tax targeted owners of vehicles with engine capacities of 3 litres and above.
Reacting to the news, Mr Boateng said over 5,000 luxury vehicles were parked in various garages across the country when government introduced the Luxury Vehicle Tax because buyers refused to buy them.
He also noted that those who went for loans to import their vehicles were unable to pay back and were harassed by their bankers.
So the announcement, he noted, gave them a great relief.
Source: Adomonline.com | Dorcas Abedu-Kennedy