2025 Budget: E-Levy, Betting tax, And 3 Others To Be Abolished

Finance Minister Dr. Cassiel Ato Forson has announced the removal of five nuisance taxes as part of the government’s revenue measures.

 

The taxes include the 1% Electronic Transfer Levy (E-Levy), 10% withholding tax on lottery winnings (Betting Tax), Emission Levy, VAT on motor vehicle insurance policies, and the 1.5% withholding tax on unprocessed gold winnings by small-scale miners.

 

Dr. Forson made the announcement while presenting the 2025 Budget Statement and Fiscal Policy on Tuesday, March 11, 2025.

 

He emphasized that the move aligns with the National Democratic Congress (NDC) manifesto promise and aims to reduce the financial burden on citizens and businesses.

 

The Minister expressed optimism that eliminating these taxes will ease pressure on households and stimulate economic activity.

 

He added that while the government remains committed to increasing non-oil tax revenue by 0.6 percentage points of GDP under the IMF-supported program, the tax removals are intended to improve disposable incomes, support business growth, and enhance tax compliance.

 

 

 

 

 

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