Read President Mahama’s Sweet Promise To Startups

An entrepreneur at work. Photo credit: Pexels

A lot of young people are going off and starting their own business.

Even when they already have a regular 8 to 5 job, most have a side hustle of their own that keeps them going.

However, what some soon come to realize is that as soon as they register their business and start recording sales and some marginal profit, they are expected to pay income tax.

This puts a strain on the new business that is still trying to grow and become sustainable.

To help startups in the formative first three years, former President John Dramani Mahama has promised to give a three-year tax exemption to start ups.

This, he believes, will make more funds available to startups to help them grow and become viable businesses that will provide employment opportunities.


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