Growth and Sustainability Levy Act, 2023 (Act 1095).

This Act establishes a levy to generate revenue for national development and economic sustainability. It mandates the imposition of the levy on specific businesses and industries, defining the scope of application to ensure compliance. The Act clarifies that the levy is not an allowable deduction for tax purposes and specifies how profits or production are affected by the levy. The Act designates an authority responsible for collecting the levy, ensuring accountability in its administration. The collected funds are to be paid into the Consolidated Fund, contributing to government revenue. The Act consists of 13 Articles and one Schedule on category and rate of levy.