- Ghana’s 2026 VAT reform proposes higher registration thresholds and lower VAT rates.
- The COVID-19 Health Recovery Levy will be repealed, and the GETFund and NHIL levies will be reintegrated into VAT, making them eligible for input tax deductions.
- The VAT rate will drop from 21.9% to 20%, and the registration threshold will rise from GHS 200,000 to GHS 750,000.
- VAT on mineral reconnaissance and prospecting will be eliminated, and the zero-rating for locally produced textiles will be extended to 2028.
- The reforms aim to improve fairness, reduce business costs, modernize tax administration, and include new digital tools for VAT collection and monitoring.
Source: vatabout.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 2026 VAT Reform: Higher Thresholds, Lower Rates, and Broader Tax System Changes
- IMANI Flags Tax Loophole in New VAT Reforms, Warns of Unfair ‘Missing Middle’ Zone
- Finance Ministry Defends 20% VAT in 2026 Budget Amid Private Sector Concerns
- Ghana’s 2026 Budget Unveils Major VAT Reforms, Tax Law Overhauls, and Digital Tax Initiatives
- GNCCI Welcomes Simpler VAT Regime, Predicts Lower Prices and Easier Compliance for Businesses
