A consumption tax is a tax on the value of consumption just as an income tax is a tax on income.
So, if the value of consumption is GH¢100, you impose Covid levy (1% = 0.01), Getfund levy (2.5% = 0.025), NHIS levy (2.5% = 0.025), Tourism levy (1% = 0.01), and VAT (15% = 0.15) on GH¢100. You impose them separately on the value of consumption….
Source: www.peacefmonline.com
