{"id":298610,"date":"2017-03-03T11:03:24","date_gmt":"2017-03-03T11:03:24","guid":{"rendered":"http:\/\/citifmonline.com\/?p=298610"},"modified":"2017-03-03T11:03:24","modified_gmt":"2017-03-03T11:03:24","slug":"scrapping-kayayei-toll-discriminatory-terkper","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/03\/scrapping-kayayei-toll-discriminatory-terkper\/","title":{"rendered":"Scrapping Kayayei toll \u2018discriminatory\u2019 \u2013 Terkper"},"content":{"rendered":"

Former Minister of Finance, Seth Terkper, has described as discriminatory, the scrapping of tolls paid by head potters also known as \u201cKayayei\u201d at market places.<\/p>\n

According to him, the move is not fair especially since truck pushers, sachet water sellers among other hawkers also pay similar tolls.<\/p>\n

The Former Minister while speaking on the Citi Breakfast Show<\/strong> on Friday, clarified that although he was not against the ‘kayayei’ toll exemption, he thinks \u201cthey [kayayei] are not the only category [of potters] and you [Finance Minister] may be using discriminatory tax approach.\u201d<\/p>\n

[contextly_sidebar id=”UiW90DBjruSk0cs9j0w395SAHLHVHgWv”]The Minister of Finance, Ken Ofori-Atta, while presenting the 2017 budget statement to Parliament on Thursday, disclosed that government had scrapped some taxes including the kayayei market tolls<\/a>.<\/strong><\/span><\/p>\n

He also announced the downward review of some taxes and levies government considered as \u201cnuisance.\u201d<\/p>\n

But Mr. Terkper, told Bernard Avle on the Citi Breakfast Show<\/strong> that government must extend the tax relief package to cover other potters as well.<\/p>\n

\u201cIs it just Kayayei or does it also cover truck pushers or if you go to the north does it cover those who are riding motorbikes, tricycles which is a form of portage? So Kayayei is just one form of portage. Is the minister saying that all these are going to be eliminated or is just the use of kayayei to gain some sympathy?\u201d<\/p>\n

\"Ken
Ken Ofori-Atta, Minister of Finance<\/figcaption><\/figure>\n

The Former Minister added that, “There are those who carry sachet water [on their heads] and risk their lives. Many of these are compelled to pay tolls because if you go to many district assemblies, market tolls are their main source of IGF [internally generated funds], apart from the district assembly common fund. So is the central government going to provide further support at a time we are also being told that the assemblies\u2019 common fund is going to be paved for purposes of the [free] SHS?. Are you going to look at the category of all those who are in all that group and come up with a package for them or just something catchy to gain applause,\u201d Mr. Terkper asked.<\/p>\n

List of taxes abolished\/reviewed<\/strong><\/p>\n

Below is the list of taxes either scrapped or reviewed downwards by the Akufo-Addo government.<\/p>\n

\u2013 The 1% Special Import Levy<\/p>\n

\u2013 Kayayei market tolls<\/p>\n

\u2013 17.5% VAT\/NHIL on financial services<\/p>\n

\u2013 17.5% VAT\/NHIL on selected imported medicines that are not produced locally<\/p>\n

\u2013 17.5% VAT\/NHIL on domestic airline tickets<\/p>\n

\u2013 Duty on imported spare parts<\/p>\n

\u2013 5% VAT\/NHIL on Real estate sales<\/p>\n

\u2013 Exercise duty on petroleum List of reviewed taxes<\/p>\n

\u2013 Corporate income tax to be progressively reduced from 25% to 20% in 2018.<\/p>\n

\u2013 Replace 17.5% of VAT\/NHIL with 3% flat rate for traders<\/p>\n

\u2013 Tax credits and other incentives for businesses that hire young graduates from tertiary institutions<\/p>\n

\u2013 Tax incentives for young entrepreneurs<\/p>\n

\u2013 Reduce special petroleum tax rate from 17.5% to 15%.<\/p>\n

–<\/p>\n

By: Godwin A. Allotey\/citifmonline.com\/Ghana
\nFollow @AlloteyGodwin<\/a>
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