Following the Ghanian government’s announcement of various indirect tax policy changes in the 2023 budget statement, the Value Added Tax (Amendment) (No.2) Act, 2022 (Act 1087) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) have been passed, bringing into effect changes to the VAT and electronic transfer levy (e-levy) regimes in Ghana. The acts were published in the official gazette on 29 December 2022 and take effect as from 1 January 2023. In addition, the GRA has published a public notice announcing the abolition of the benchmark value discount policy (BVDP) on imported goods.
Source: Deloitte
Latest Posts in "Ghana"
- VAT Relief for Manufacturers on Imported Raw Materials Now Subject to Biannual Register Updates
- Consolidated VAT Rules Clarify Digital Services Scope, Exclude Online Gaming, Enhance Compliance Certainty
- Higher Upfront VAT Rate Imposed on Unregistered Importers to Encourage Timely VAT Registration
- VAT Rate Cut to 20%: Levies Now Claimable, Reducing Business Tax Burden
- Act 1151 Mandates FED Integration for Transaction-Based VAT Filing and Enhanced Tax Monitoring
