BusinessNews

Tax relief for Covid-19 Trust Fund donors won’t affect Gov’t revenue – Tax Analyst

Tax Analyst William Demetia, says granting tax reliefs to companies that have donated towards the National Covid -19 Trust Fund, will not in any way affect government’s revenue target for the year.

The GRA says the policy will also affect companies that are yet to make a donation.

So far, some Trust Fund has received GHS50 million in donations from individuals and organisations. Some have questioned the rationale behind the idea, considering that government will not be able to meet its revenue target for the year due to the pandemic.

But the Tax Analyst, William Demetia, told Citi Business News government at this stage is more focused on building the economy, and this could just be one of the ways to achieve that.

Mr. Demetia says government must ensure that its assistance goes to the right quarters.

Source:Fiilafmonline/CitiNews

 

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