News:
April 2, 2025
It is now official as the President John Dramani Mahama has assented to bills that abolish Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.
Parliament on Wednesday, March 26, 2025 passed 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.
Notable among these taxes include the Electronic Transfer Levy (Repeal) Bill, 2025; Emissions Levy (Repeal) Bill, 2025; Income Tax (Amendment) Bill, 2025 to abolish
• Betting Tax
• Taxes on Gaming and Lotteries
• 1.5% Withholding Tax on unprocessed Gold; Value Added Tax (Amendment) Bill, 2025 among others.
There was high anticipation among the public for the President’s assent last week when parliament concluded work on the tax amendment bills.
The President’s action thus comes as huge relief to the public and a promise fulfilled to the people.
Ghanamps.com