Ghana

Ghana Tax Authority Releases FAQs on VAT Treatment for Non-Life Insurance Products

8 hours ago

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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.
FAQs detail VAT invoicing, reporting, registration rules, and penalties for noncompliance, guiding insurers on adhering to VAT obligations for taxable non-life insurance services.