VATupdate

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Government eliminates VAT on locally made sanitary pads and announces other tax exemptions.

  • Locally manufactured sanitary pads in Ghana will no longer have VAT
  • Import duty on raw materials for sanitary pads will also be scrapped
  • Zero rate of VAT on locally manufactured African prints extended for 2 more years
  • Import duties waived on electric vehicles for public transportation for 8 years
  • Import duties waived on electric vehicles imported by registered EV assembly companies for 8 years
  • Zero rate of VAT on locally assembled vehicles extended for 2 more years
  • Exemptions on importation of agricultural machinery equipment and medical consumables
  • Introduction of a 5% VAT flat rate on commercial properties to replace the 15% standard rate

Source: ghanaweb.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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