The finance minister has announced that the government will present the needed instruments before parliament to scrap the e-levy, emission levy, betting tax, and other taxes.
Dr. Cassiel Ato Forson said the decision to scrap these taxes is to ease the financial burden on households and businesses.
He revealed this when he presented the 2025 budget statement before Parliament on Tuesday, March 11, 2025.
“Mr. Speaker, we will abolish the 10% withholding tax on winnings from the lottery, otherwise known as the ‘Betting Tax’; we will abolish the Electronic Transfer Levy (E-Levy) of 1%; we will abolish the Emission Levy on industries and vehicles; we will abolish the VAT on motor vehicle insurance policy; and we will abolish the 1.5% withholding tax on the winning of unprocessed gold by small-scale miners,” Dr. Forson announced.
“Mr. Speaker, the removal of these taxes will ease the burden on households and improve their disposable incomes. In addition, it will support business growth and improve tax compliance,” he stated.
By: Rainbowradioonline.com/Ghana
