Tuesday, 01 July

Finance Minister presents key tax amendment bills to Parliament

March 13, 2025
General News
Ato Forson

The Minister for Finance, Dr. Cassiel Ato Forson, has presented a series of tax-related amendment bills to Parliament as part of the government’s ongoing efforts to reform the country’s revenue administration and fiscal policies.

The proposed amendments include the repeal of some levies and modifications to existing tax laws, aimed at boosting economic growth, easing the tax burden on businesses and individuals, and improving revenue collection mechanisms.

The bills presented for amendment are:

Electronic Transfer Levy (Repeal) Bill, 2025 Ghana Infrastructure Investment Fund (Amendment) Bill, 2025 Revenue Administration (Amendment) Bill, 2025 Special Import Levy (Amendment) Bill, 2025 Emissions Levy (Repeal) Bill, 2025 Income Tax (Amendment) Bill, 2025 Growth and Sustainability Levy (Amendment) Bill, 2025 Earmarked Funds Capping and Realignment (Amendment) Bill, 2025

These amendments form part of the 2025 Budget’s fiscal policy framework aimed at revamping Ghana’s tax system, promoting economic expansion, and ensuring a fair and sustainable tax regime.

 

The bills have been referred to the Parliamentary Committee on Finance for further scrutiny before being debated and passed into law.

Source: Classfmonline.com/Cecil Mensah

Trending News