- VAT is a consumption tax on goods and services in Ghana, except for exempt supplies.
- Those who meet the registration threshold must register for VAT with the GRA. Common issues from tax audits include not charging VAT on taxable supplies and failure to remit VAT by the due date, which may result in penalties and additional taxes.
- The due date for payment is not dependent on when the customer pays, and failure to file VAT returns on time may result in penalties.
Source Deloitte
Latest Posts in "Ghana"
- 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
- Ghana’s 2025 VAT Reform: Key Changes, IMF Guidance, and Mid-Year Budget Highlights
