- Ghanaian Revenue Authority announces implementation of new tax laws and amendments
- Amendments include changes to the Value Added Tax (Amendment) Act, 2023
- Flat rate introduced for specified supplies of commercial rentals and immovable property
- Zero rate extended for locally manufactured textiles and vehicles
- Tax waived on electric vehicles (EVs) for public transportation
- Exemptions for specific goods and services reviewed
- Non-life insurance contracts to be taxed
Source: news.bloombergtax.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.
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
