- Bills corresponding to tax measures in the 2024 budget received gazette notification on December 29, 2023.
- Enacted measures include changes to value added tax (VAT) rates.
- VAT flat rate of 5% on commercial properties.
- Zero VAT rate on locally manufactured sanitary towels.
- Extension of zero-rated VAT supply for locally assembled vehicles and African print textile manufacturers.
- Sanctions and rights of appointed withholding VAT agent.
- Exempt supplies.
Source: kpmg.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"
- Ghana’s Parliament enacts several indirect tax-related laws, effective 1 January 2026
- Ghana’s New VAT Reform Ends Cascading Taxes, Reduces Consumer Prices and Boosts Business Savings
- Key VAT Reforms in Ghana Effective 2026: Simplification, Reliefs, and Digital Solutions
- Ghana Implements Major VAT Reforms: Higher Threshold, Abolished Levies, and Simplified Structure
- Ghana Implements New VAT Act 2025: Higher Threshold, Abolished Levies, and Updated Guidelines
