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Ghana Revenue Authority clarified a 15% VAT rate on non-life insurance (fire, property, marine, travel) effective July 1, with motor insurance and claims exempt, and input VAT claimable by insurers.
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FAQs detail VAT invoicing, reporting, registration rules, and penalties for noncompliance, guiding insurers on adhering to VAT obligations for taxable non-life insurance services.
Source: news.bloombergtax.com
