UPDATED: HERE’S THE LIST OF TAXES INTRODUCED UNDER NANA ADDO / BAWUMIA SINCE 2017

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  1. 3% VAT flat rate
  2. 5% increase in VAT
  3. Make GETFUND & NHIL levies, taxes
  4. 25% increase in corporate tax
  5. 2% Special Import Levy
  6. 1% COVID levy + 3% VAT = 4%
  7. 1% COVID levy on 2.5% NHIL levy
  8. 5% Fiscal Stabilisation Levy
  9. 5% Financial Sector cleanup (collapse banks) recovery levy
  10. 1% E-Levy
  11. 20p levy on a litre of petrol/diesel
  12. 10p Sanitation (Borla) Levy on a litre of petrol/diesel
  13. 18p levy on LPG
  14. 2.5% increase in VAT
  15. Luxury vehicle tax
  16. 50% increase in Call Tax
  17. 30% increase in the Energy Sector Levy (ESLA)
  18. 11% increase in Special Petroleum Tax
  19. 200% increase in BOST margin
  20. 40% increase in Price Stabilization & Recovery levy
  21. 25% increase in Primary Distribution margin
  22. 36% increase in Unified Petroleum Price Fund
  23. Road Fund increase
  24. 10% withholding tax on betting, lottery, etc
  25. 20% increase in tax on betting companies
  26. 35% increase in Income Tax
  27. 3% & 10% withholding tax on assets & liabilities
  28. 25% increase on tax on gifts & gains
  29. Profit before tax levy on companies
  30. 5% tax on companies declaring losses
  31. Tax on motor vehicle benefits
  32. 1.75% tax on bank transfers
  33. 1.75% tax on remittances (borgo tax)
  34. 15% increase in govt fees
  35. 35% increase in corporate tax on mining companies
  36. 22% corporate tax on hotels
  37. Excise duty for owning a car, motorbike, etc
  38. 1% stamp tax
  39. 35% payroll tax (PAYE)
  40. Customs & Excise duty on sachet water, bottled water, malt drinks, beers, wines, spirits, cigars, plastic products, textiles, etc.

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