- Ghana Revenue Authority introduces 15 percent VAT on non-life insurance premiums starting 1 July 2025
- Affected insurance types include fire, marine, travel, theft, and property
- Motor insurance is exempt from this tax
- The initiative aims to increase public revenue in 2025
- Both individual and corporate policyholders will face higher costs for non-life insurance products
Source: atlas-mag.net
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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