Summary:
The Excise Duty (Amendment) (No. 2) Act, 2023 revises Ghana’s fiscal framework and introduces excise duty on sugar-sweetened beverages to adjust taxation on consumable goods.
Description:
The Excise Duty (Amendment) (No. 2) Act, 2023 modifies excise taxation rules in Ghana (Act No. 878 of 2014). It adjusts tax treatment for selected goods under the excise framework. The law aims to revise revenue collection mechanisms and product taxation categories. It includes fiscal measures that affect consumable products linked to diet.
Regarding FULL purposes, it includes excise tax on sugar-sweetened beverages within broader excise adjustments. Then, it includes beverages containing added sugars under excise scope, imposing 20% excise duty on sweetened beverages and other drinks. This falls under Tariff Number 1 (a) in the First Schedule of the Act, which includes waters, mineral water, aerated water, non-alcoholic beer, energy drinks, and fruit juices that contain added sugar or other sweetening matter. Moreover, the Act establishes revenue collection mechanisms linked to consumption goods.