The Abbosey Okai Spare Parts Dealers Association has rallied behind Dr. Mahamudu Bawumia’s proposal to introduce a flexible flat-rate tax regime if elected president.
The Association said in a statement that the proposal would help spare parts dealers all over the nation and urged its members to support the plan.
“The Association views this initiative as highly commendable and believes it will play a crucial role in safeguarding the interests of spare parts dealerships nationwide,” portions of the statement read.
It further noted that “the proposed flat rate tax is poised to significantly reduce the cost of spare parts, providing much-needed relief to commercial drivers who routinely factor these expenses into transport fares.”
As part of his presidential vision, Dr. Bawumia revealed the plan on Wednesday, February 7, during a speech at the University of Professional Studies in Accra.
This action is important and praiseworthy for the interests of spare parts retailers across the country, according to the Association.
Read the association’s full statement below:
Abossey Okai Spare Parts Dealers Association Commends Dr. Mahamadu Bawumia’s Proposal for Flat Rate Tax on Spare Parts Imports
The Abossey Okai Spare Parts Dealers Association expresses its heartfelt appreciation for the visionary proposal put forth by Dr. Mahamadu Bawumia, the New Patriotic Party’s presidential aspirant, to implement a flat rate tax on the importation of spare parts into the country.
The Association views this initiative as highly commendable and believes it will play a crucial role in safeguarding the interests of spare parts dealerships nationwide.
As an apolitical organization dedicated to the development and enhancement of the spare parts dealership industry, we wholeheartedly accept and support Dr. Bawumia’s proposal.
We eagerly anticipate the timely implementation of this policy, contingent upon the New Patriotic Party’s success in breaking the eight-year political jinx come December 7, 2024.
During a forum held on Wednesday, 7th February 2024, in Accra, the Vice President, also the flagbearer of the NPP, announced the party’s commitment to introducing a flat rate tax on spare parts imports.
The association is committed to collaborating with relevant stakeholders to ensure the seamless implementation of this beneficial tax structure.
The proposed flat rate tax is poised to significantly reduce the cost of spare parts, providing much-needed relief to commercial drivers who routinely factor these expenses into transport fares.
This, in turn, will alleviate additional burdens on the commuting public, contributing to a more sustainable and affordable transportation system.
We call upon all members of the Abossey Okai Spare Parts Dealers Association to rally behind the introduction of the flat rate tax on spare parts imports.
By uniting in support of this initiative, we can collectively contribute to the growth and prosperity of the spare parts dealership industry while fostering positive developments in the broader economic landscape.
The Association expresses its gratitude to Dr. Mahamadu Bawumia for his foresight and commitment to the welfare of the spare parts sector, and we look forward to witnessing the positive impact of this policy on our industry and the nation as a whole.
By Emmanuel Kwarteng
