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

  • 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.

Source: news.bloombergtax.com

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