Senator Dino Melaye has reacted to the recent Value Added Tax (VAT) increment from 5 percent to 7.5 percent by the federal government, urging Nigeria to learn from Ghana.
Melaye shared a video of how Ghana is shifting from taxation to production on his twitter handle @dino_melaye.
In the short video clip, , Vice President of Ghana, Dr Mahamudu Bawumia spoke on how Ghana is moving away from taxation to production by abolishing VAT on real estate sales, financial service, import duty on spare parts, 1% import level, domestic VAT on airline ticket, reduced VAT on small traders from 17.5% to 3% etc.
He added that the Ghanaian government have the intention to abolished import duty on raw materials and machinery imported into Ghana.
Malaye wrote: What Ghana is doing on VAT….Egbon can learn from Aburo
Recall that the Federal Executive Council (FEC) on Wednesday September 11, approved an increase in Value Added Tax (VAT) rate from 5 percent to 7.5 percent.
Watch the video:
What Ghana is doing on VAT….Egbon can learn from Aburo pic.twitter.com/1uItSm0cyz— Senator Dino Melaye. (SDM) (@dino_melaye) September 20, 2019