- 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- The COVID-19 Health Recovery Levy will be repealed, and the GETFund and NHIL levies will be reintegrated into VAT, making them eligible for input tax deductions.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: docnova.ai
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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