- E-Levy Distortions
The e-levy undermines the digital sector, causing revenue losses of GHS 1.4 billion due to cross-cannibalization. - E-Levy Abolition Commitment
The Finance Minister-designate has pledged to abolish the e-levy within 120 days, addressing widespread criticisms. - Betting Tax Controversy
Removing betting taxes divides analysts, as taxes harm addicts but fail to curb gambling habits effectively. - Betting Revenue Alternatives
Tightening regulations and increasing gross revenue taxes for betting companies could offset lost revenue from tax removal. - Emissions Levy Removal Lacks Clarity
The rationale for scrapping the emissions levy is unclear, with concerns about its alignment with climate goals. - COVID-19 Levy as a Stealth VAT Hike
The COVID-19 levy operates as an indirect VAT increase, complicating business operations and reform efforts. - Import Duty Waivers Pose Risks
Waivers for agricultural and industrial imports risk abuse due to vague guidelines and excessive discretion. - Exemption Impact Analysis Lacking
Ghana’s history of duty exemptions shows limited benefits, underlining the need for comprehensive evaluations. - VAT Reforms Create Business Uncertainty
Frequent VAT changes disrupt businesses, especially in sectors like retail with high transaction turnover. - Challenges for the Minister-Designate
If approved, the Minister must tackle complex tax reforms to balance public revenue and economic growth effectively.
Read full article at: Ghana’s Finance Minister-designate grilled over tax promises – THE SCARAB
