Killer Taxes Introduced By Akuffo Addo and Bawumia since 2017.

Taxes introduced by Addo D-Bawumia since 2017

3% VAT flat rate
5% increase in VAT
Makes GETFUND & NHIL levies, taxes
25% increase in corporate tax
2% Special Import levy
1% COVID levy + 3% VAT = 4%
1% COVID levy on 2.5% NHIL levy
5% Fiscal Stabilisation Levy
5% financial sector cleanup recovery levy
1% E-Levy (formerly 1.5%)
20p levy on litre of petrol/diesel
10p borla levy on litre of petrol/diesel
18p levy on LPG
2.5% increase in VAT
Luxury vehicle tax (later withdrawn)
50% increase in Call Tax (later withdrawn)
30% increase Energy Sector Levy (ESLA)
11 % increase in Special Petroleum Tax
200% increase in BOST margin
40% increase in Price Stabilization & Recovery levy
25% increase in Primary Distribution margin
36% increase in Unified Petroleum Price Fund
Road Fund increase
10% withholding tax on betting, lottery etc
20% increase in tax on betting companies
35% increase on Income Tax
3% & 10% withholding tax on assets and liabilities
25% increase on tax on gifts and gains
Profit before tax levy on companies
5% tax on companies declaring losses
Tax on motor vehicle benefits
1.75% tax on bank transfers
1.75% tax on remittances (borga tax)
15% increase in govt fees and charges
35% increase in corporate tax on mining companies
22% corporate tax on hotels
Excise duty for owning a car, motorbike etc
1% stamp tax
35% payroll tax (PAYE)
Customs & Excise duty on sachet water, bottled water, malt drink, beers, wines, spirits, cigars, plastic products, textiles, etc

And many more…

You can add any of the tax I haven’t added in the comment section below. I will add it up soon.

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