PARLIAMENT REPEALS COVID-19 LEVY Parliament has passed the COVID-19 Health Recovery Levy (Repeal) Bill, 2025 to abolish the COVID-19 Levy. The COVID-19 Health Recovery Lev
PARLIAMENT REPEALS COVID-19 LEVY Parliament has passed the COVID-19 Health Recovery Levy (Repeal) Bill, 2025 to abolish the COVID-19 Levy. The COVID-19 Health Recovery Levy was introduced as part of fiscal measures to mobilise additional revenue to support the Country’s response to the COVID-19 pandemic and to facilitate economic recovery in the aftermath of the crisis. In the 2025 Budget Statement, the Government announced its commitment to streamline the indirect tax regime and to reduce the overall cost of doing business as part of broader efforts to stimulate growth, support private sector-led recovery and improve compliance in the Value Added Tax system one of such reforms was to repeal Act 1068. The Minister for Finance, Dr. Cassiel Ato Forson explained that the COVID-19 Health Recovery Levy Act, 2021 has outlived its original purpose. The repeal was therefore a part of the comprehensive Value Added Tax reform agenda aimed at creating a more transparency and reduced burden o
News
Comments
