Parliament passes Energy Levies Amendment Bill to plug fuel subsidy leakages

What we are saying is that we are equally going to amend the Revenue Administration Act to make the tax refund system relating to industries buying fuel oil moving from 90 days to 14 days,” he said.

The amendment raises the Energy Sector Shortfall and Debt Repayment Levy on fuel oil from GH¢0.

Explaining the amendment on the Floor of the House, Dr Cassiel Ato Baah Forson, the Minister of Finance Minister, said companies that used fuel oil would now pay the applicable levies upfront at the point of importation but would later be eligible for refunds.