Government has announced plans to abolish several taxes, including the Electronic Transaction Levy (E-Levy), the COVID-19 Levy, and the 10% tax on lottery winnings (betting tax). Apexnewsgh reports
Finance Minister Dr. Cassiel Ato Forson revealed that five bills will be laid before Parliament on Wednesday, March 13, to repeal these taxes.
Dr. Forson expressed confidence that the repeals would be swift, given the simplicity of the bills. “Repealing the taxes will be one clause each. Repealing the betting tax is very easy, the e-levy and all of those things we are repealing are quite easy,” he stated.
The Finance Minister also noted that the nature of the bills allows them to be presented under a certificate of urgency, ensuring a speedy process.
In addition to scrapping the E-Levy and betting tax, the government has also proposed abolishing the Emissions Tax and other levies. Dr. Forson assured that once Parliament passes the bills, President John Dramani Mahama will sign them into law immediately.
The move to abolish these taxes follows Dr. Forson’s announcement during the presentation of the government’s first budget statement on March 11. The government’s decision to scrap these taxes is expected to provide relief to individuals and businesses, and stimulate economic growth.
Source: Apexnewsgh.com
