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