"COVID-19 Levy Set to be Abolished by Year-End \u2013 Deputy Finance Minister"

" COVID-19 Levy Set to be Abolished by Year-End \u2013 Deputy Finance Minister \r\n\r\nDeputy Finance Minister, Thomas Nyarko Ampem, has assured that the COVID-19 levy is expected to be abolished by the end of the year as part of the government\u2019s broader tax rationalisation agenda.\r\n\r\nSpeaking in an interview with Joy News, Mr. Nyarko Ampem noted that the levy would be considered alongside the Value Added Tax (VAT) rationalisation process, a commitment made by President John Mahama\u2019s administration.\r\n\r\n\"The COVID-19 levy will be considered alongside the VAT rationalisation process that we have been committed to do. So, when that process is done, I believe the COVID levy would also be removed. I\u2019m looking at towards the end of the year if we are able to finish the rationalisation processes, we would be able to do that,\u201d he stated.\r\n\r\nThe Deputy Finance Minister reiterated the government\u2019s commitment to abolishing what it describes as \"nuisance taxes,\" in line with the National Democratic Congress\u2019s (NDC) manifesto. He highlighted that the Electronic Transaction Levy (E-levy) and the betting tax have already been scrapped as part of this initiative.\r\n\r\nWhen asked whether more taxes would be repealed, Mr. Nyarko Ampem said, \u201cAt this time, it would be difficult to make any promises, but as the economy picks up, we wouldn\u2019t mind repealing more taxes.\u201d\r\n\r\nHe further emphasized that President Mahama remains committed to fulfilling all tax-related promises outlined in the NDC\u2019s manifesto, adding, \u201cWe are working towards the rationalisation of all these promises he made.\u201d\r\n\r\nThe 2025 Budget outlines the government\u2019s plan to reform the VAT system, which includes removing the COVID-19 Health Recovery Levy, treating health and education levies as part of VAT, and reducing the number of eligible VAT-registerable traders.\r\n\r\nThese measures are aimed at simplifying the tax structure and providing relief to businesses and consumers."

"COVID-19 Levy Set to be Abolished by Year-End \u2013 Deputy Finance Minister"

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