COVID-19 levy, taxes on fuel take effect from today May 1 Listen to article
Three of government’s new taxes have taken effect, beginning today, Saturday, May 1.
These new taxes are as a result of the imposition of an Energy Sector Recovery Levy of GHS 20 pesewas per litre of petrol/diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of GHS10 pesewas per litre of petrol and diesel.
Also taking effect is the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) and the Energy Sector Levy (Amendment) Act, 2021 (Act 1064).
In an earlier statement, the Ghana Revenue Authority (GRA) noted that Parliament had
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The new taxes introduced by the government in the 2021 budget are to come into effect in May this year, the Ghana Revenue Authority has announced.
Presenting the budget on behalf of Finance Minister Ken Ofori-Atta, Majority Leader Osei Kyei-Mensah-Bonsu, on Friday, 12 March 2021, told Parliament that the government was introducing a 10p sanitation and pollution levy; and 20p excess power capacity levy, both on the Energy Sector Levy Act (ESLA), with the combined effect being an increase in the ex-pump price of fuel by 5.7 per cent.
Additionally, the government introduced a 1 per cent COVID-19 levy on VAT, Flat Rate Scheme; 5 per cent financial clean-up levy on banks’ profit-before-tax and also considered adjusting road tolls to align with current trends.
COVID-19 levy, new taxes on fuel to take effect on May 1 modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.