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Tag: Special Import Levy

Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA

Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA

Ghana News
The Ghana Union of Traders Association (GUTA), has called for the removal of the COVID-19 Levy and the Special Import Levy in the 2024 budget. The President of GUTA, Dr. Joseph Obeng explained that when the cost of doing business is low, productivity will increase and the government will be able to collect more of its desired revenue. "We are talking about the 1% COVID-19 levy to be removed. We also talk about the special import levy of 2% that has been imposed on us since the previous administration, we also are talking about the VAT, the complex nature of VAT,” he said. The COVID-19 Health Recovery Levy was introduced by the government in 2021 as a stand-alone levy applied to the gross value of taxable supplies of goods and services provided under the Standard Rate an...

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