News:
March 27, 2025
The Parliament of Ghana on Wednesday, March 27, 2025, enacted 10 revenue legislations to give effect to tax repeal and alignments as announced by the Finance Minister, Dr. Cassiel Ato Forson in the 2025 Budget Statement and Fiscal Policy of the Government.
10 Revenue Legislations Passed by Parliament
1. Electronic Transfer Levy (Repeal) Bill, 2025
2. Emissions Levy (Repeal) Bill, 2025
3. Income Tax (Amendment) Bill, 2025 to abolish
• Betting Tax
• Taxes on Gaming and Lotteries
• 1.5% Withholding Tax on unprocessed Gold
4. Revenue Administration (Amendment) Bill, 2025
5. Value Added Tax (Amendment ) Bill, 2025
6. Special Import Levy (Amendment Bill, 2025 – ( to extend the implementation of the law from 2026 to 2028)
7. Growth and Sustainable Levy (Amendment Bill, 2025) – (to raise levies imposed gold mining companies, and other mining operators and upstream oil and gas companies by 3%)
8. Energy Sector Levy
9. The Earmarked Funds Capping & Realignment (Amendment) Bill, 2025 – (seeks to expunge the schedule NHIF, GETFund, MIIF, GIIF & TRF to GNPC from petroleum revenue. The uncapped amounts will serve as a dedicated source of funding for the FSHS, free tuition for disabled students among others).
10. Ghana Infrastructure Investment Fund (Amendment Bill), 2025.
Ghanamps.com