Parliament approves $10.46m tax waiver for Tata Consultancy Services
Parliament on Tuesday adopted a report granting a waiver of US$10.46 million, representing 20 per cent withholding tax, for Tata Consultancy Services Limited in respect of a software application agreement.
The tax exemption, signed between the Ghana Revenue Authority (GRA) and Tata Consultancy Services, was re-negotiated by the government to secure savings of US$9 million for the country, according to the Minister of Finance, Dr Cassiel Ato Forson.
The report was laid before the plenary by Mr Isaac Adongo, a member of the Finance Committee of Parliament.
Debate on the adoption of the tax exemption saw sharp divisions, with the Minority Caucus, led by Mr Frank Annor-Dompreh, Minority Chief Whip, opposing the waiver. &n...