In a move towards fostering environmental consciousness, the Ghanaian government is proposing a new annual tax of GH?100 per petrol and diesel vehicle.
The government aims to incentivize the adoption of eco-friendly energy sources for vehicles as part of its broader commitment to climate-positive actions and carbon offsetting.
The introduction of this tax bill in Parliament reflects a proactive approach to encourage sustainable practices in the transportation sector. If the bill passes, individual vehicle owners, including companies, will be required to pay GH?100 per vehicle annually, with an additional GH?100 per tonne of carbon dioxide emission for companies.
This initiative aligns with the government's recent decision, outlined in the 2024 budget, to apply a zero-VAT rate on imported electric vehicles.
The government's multifaceted strategy aims to create a comprehensive framework that promotes cleaner energy alternatives while addressing carbon emissions.
Finance Minister Mr. Ofori-Atta had previously signaled the government's intention to expand the Environmental Excise Duty to cover various sectors.
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