The Parliament of Ghana has today passed three (3) new tax laws which are set to take effect from May 1, 2021.
The Commissioner-General of the Ghana Revenue Authority (GRA), Rev. Ammishaddai Owusu-Amoah in a statement revealed that Parliament has passed the three new tax laws and amended two existing laws to be implemented in 2021.
In the statement signed by the Commissioner stated that the new taxes announced in the 2021 budget are set to take effect from May 1, 2021.
It added that the 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).
The statement continued that the imposition of a Sanitation and Pollution Levy of GHS10 pesewas per litre of petrol and diesel respectively will contribute to the new tax.
On May 1, it will be the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) and the Energy Sector Levy (Amendment) Act, 2021 (Act 1064).
The Act also imposed one percent levy on the supply of goods and services made in the country, other than exempt goods or services and the import of goods and services, other than exempt imports.
Source: Mybrytfmonline/Solomon Nartey
