The government has announced plans to abolish the Electronic Transaction Levy (E-Levy) and the 10% tax on lottery winnings, commonly known as the betting tax.
Finance Minister Dr. Cassiel Ato Forson made this declaration while presenting the 2025 Budget Statement to Parliament on Tuesday, March 11.
In addition to scrapping these taxes, Dr. Forson also announced the cancellation of the Emissions Tax. He further stated that as part of a review of the Value Added Tax (VAT) system, the government intends to eventually abolish the COVID-19 levy.
However, the Minister did not specify when these tax removals would take effect.
“We have programmed the following taxes for removal in line with our manifesto promises. Mr. Speaker, we will abolish the 10% tax on lottery winnings,” Dr. Forson told Parliament.
The move aligns with the government’s commitment to reducing the tax burden on citizens and stimulating economic growth. More details on the implementation timeline are expected in subsequent policy updates.
