The budget statement included the announcement of an increase in the standard VAT rate to 15% from 12.5%, to increase tax revenue available for road infrastructure development and the government’s digitalization agenda. The current VAT registration threshold of GHS 200,000, and the VAT exemption regimes, have been earmarked for review in 2023.
Source Deloitte
Latest Posts in "Ghana"
- VAT Must Be Paid on Free Tickets by Taxable Entities, Says Ghana Revenue Authority Official
- Ghana plans full implementation of fiscal electronic device legislation
- Ghana’s 2025 Tax Reforms: VAT on Insurance, Fuel Levy Increases, Informal Sector Scheme Launch
- Ghana’s VAT Potential High, Faces Implementation Challenges, Says GRA Chief
- Ghana Reduces VAT to 20% in Major Tax Reform to Boost Compliance and Ease Business Burden
