Parl approves ¢288m tax waiver for health workers

Parliament has approved a ¢288.6 million tax waiver for health care workers to motivate them in the fight against Covid-19.

The tax waiver is on personal emoluments of all health care workers for the months of April, May and June 2020, and on additional allowances for front line health personnel covering March, April, May and June 2020.

The waiver will cost the nation ¢237.5 million whilst the tax waiver on additional allowances will amount to ¢51 million.

President Akufo-Addo a few weeks ago announced the tax waivers for health care personnel last month in one of his Covid-19 addresses.

He also announced front line health workers will get 50% of their basic salary as an additional allowance, tax-free.

The House also approved an amendment to the income tax amendment bill 2020 to waive taxes on withdrawals from the third-tier provident funds and personal pension schemes.

By: Rainbowradioonline.com

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