The Deputy Finance Minister, Thomas Nyarko Ampem, has assured that the COVID-19 levy is anticipated to be abolished by the top of the 12 months.
In accordance with him, the tax can be thought-about alongside the Valued Added Tax (VAT) rationalisation course of that President Mahama’s administration promised to repeal.
In an interview with Pleasure Information, the Deputy Finance Minister mentioned President Mahama’s authorities is dedicated to abolishing all nuisance taxes. The Digital Transaction Levy (E-levy) and the betting tax have already been scrapped.
Responding to a query whether or not extra taxes might be abolished, Mr. Nyarko Ampem, mentioned “right now it could be troublesome to make any guarantees however because the economic system picks up, we wouldn’t thoughts to repeal taxes”.
“The COVID-19 levy might be thought-about alongside the VAT rationalisation course of that we’ve got been dedicated to do. So, when that course of is finished, I imagine the COVID [levy] would even be eliminated. I’m in direction of the top of the 12 months if we’re in a position to end the rationalisation processes, we’d have the ability to do this.”
He added that President Mahama means all the pieces he mentioned within the ruling Nationwide Democratic Congress’s (NDC) manifesto.
“So, we’re working in direction of the rationalisation of all these guarantees he made”.
Within the 2025 Price range, the federal government promised to reform the VAT system by eradicating the COVID-19 Well being Restoration Levy, treating well being and schooling levies as VAT, and lowering eligible VAT-registerable merchants.
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