Scrapping of taxes won’t affect revenue if properly done - Mike Afflu

The immediate Past President of the Ghana Chartered Institution  of Taxation, Mike Afflu, says the  decision by government  to scrap some  taxes to lessen the  burden on Ghanaians  will not  affect  revenue  if the  move is done in a proper manner. 

Citing the VAT  on financial  services as an example, Mr Afflu  indicated  that  the  removal of  such  a tax will not affect  revenue. 

He tells Radio Ghana that government needs what he termed a Tax plan to ensure that the needed revenues are generated for national development.

Mr. Afflu also reiterated the need for government to widen the tax net without necessarily increasing taxes. 
 
He said it is important to rather ensure tax compliance.

GBC