- Ghana’s new VAT Act takes effect January 1, 2026, introducing major reforms to simplify administration and improve compliance.
- The VAT registration threshold for goods increases from GH¢200,000 to GH¢750,000, exempting more small businesses.
- The COVID-19 Health Recovery Levy is removed, and the National Health Insurance Levy and Ghana Education Trust Fund levies are recoupled under VAT, allowing input tax credits.
- The standard VAT rate is reduced to 20%, and the VAT Flat Rate Scheme is abolished for a unified system.
- GRA urges all stakeholders to familiarize themselves with the changes and seek clarification as needed.
Source: modernghana.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 Clarifies New Digital VAT System Adds No Extra Taxes
- Ghana Revenue Authority announces discontinuation of VAT Relief Purchase Order arrangement for upstream petroleum operators
- Ghana Introduces Real-Time VAT Collection on Digital Services
- Ghana VAT Compliance Updates for Nonresident Digital Service Providers
- Ghana Clarifies That Digital VAT Collection Reform Does Not Add a New 20% Tax
