Ghana: Tax measures in 2023 budget

The Minister for Finance on 24 November 2022 presented the budget statement and economic policy for 2023.

Indirect tax proposals would:

• Increase the value added tax (VAT) rate
• Review the existing VAT registration threshold under VAT Act 870
• Reduce the “e-levy” rate from 1.5% to 1%
• Introduce major reforms in connection with VAT exemptions
• Rollout electronic VAT invoicing to large taxpayers (including listed companies)….

Source: KPMG

 

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