Business News of Tuesday, 12 June 2012

Source: myjoyonline

Chamber of Mines worried over tax delays

The Ghana Chamber of Mines is worried over delays on how government is planning to implement increased taxes for the mining firms announced in the 2012 budget.

Government in the 2012 budget announced a 10 percent increase in corporate taxes for mining firms from 25 to 35 percent.

It is also proposing to impose a 10 percent tax on their windfall profits.

President of the Chamber, Dan Owiredu however tells Joy Business the delay is badly affecting the planning of mining firms.