{"id":314381,"date":"2017-04-27T10:35:53","date_gmt":"2017-04-27T10:35:53","guid":{"rendered":"http:\/\/citifmonline.com\/?p=314381"},"modified":"2017-04-27T10:35:53","modified_gmt":"2017-04-27T10:35:53","slug":"finance-ministry-defends-new-tax-exemption-rules","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/finance-ministry-defends-new-tax-exemption-rules\/","title":{"rendered":"Finance Ministry defends new tax exemption rules"},"content":{"rendered":"
Despite the increased number of concerns for government to restructure the tax exemption directive for importers, Deputy Finance Minister, Kwaku Kwarteng has stressed that his outfit will not revert the decision of implementing the move.<\/p>\n
[contextly_sidebar id=”ehLoXKnmiG0hkkElRvZjXYGuctJg2ole”]According to him, the reversal will only bring back the numerous illegal acts at the ports.<\/p>\n
Importers and exporters called on government to review the directive as it remains unfavorable to them.<\/p>\n
The directive which was issued by the GRA stated that \u201call applicants who qualify for exemptions from import duties and taxes must make prior payments and after, make a claim for refund of the amounts paid.\u201d<\/p>\n