Ghana Tax Update from the 2021 Budget Tax Reliefs Tax Rebate Provision of a rebate of 30% on the income tax due for companies in hotels and restaurants, arts and entertainment, and travel and tours for the 2nd, 3rd and 4th quarters of 2021. Tax Stamps Suspension of quarterly tax installment payments for the 2nd, 3rd and 4th quarters using the income tax stamp payments. Waiver of penalties and interest This is to reduce cash flow challenges for companies and individuals who arrange to pay the principal by September 2021. Proposed Taxes & Levies COVID-19 Health Levy 1% increase in NHIL 1% increase in VAT Flat Rate Sanitation and Pollution Levy 10 pesewas on the price per litre of petrol/ diesel Energy Sector Recovery Levy 20 pesewas per litre on petrol/ diesel Financial Aid MASLOC will disburse GHC 50,400,000 in Micro and Small Loans and GHC 30,000,000 in Tricycle and Vehicle Loans SOURCE: MINISTRY OF FINANCE, GHANA Firmus Advisory2021-03-16T11:34:59+00:00March 16th, 2021|Special Insights| Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkEmail About the Author: Firmus Advisory Related Posts The Retail Industry in Ghana Gallery The Retail Industry in Ghana Leave A Comment Cancel replyComment Notify me of follow-up comments by email. Notify me of new posts by email.