- Ghana’s VAT system will be reformed from January 1, 2026, under the Value Added Tax Act, 2025 (Act 1151).
- The standard VAT rate is unified at 15%, and the previous 3% and 5% flat-rate schemes are abolished.
- Registration rules change: goods suppliers’ threshold rises to GH¢750,000, while service suppliers must register within 30 days of starting taxable activity regardless of turnover.
- NHIL and GETFund Levy become deductible input VAT, the 1% COVID-19 levy is removed, and the overall indirect tax burden is reduced.
- Importers and non-compliant taxpayers face tougher rules, including a higher upfront VAT payment for unregistered importers and stronger penalties for failure to register.
Source: news.bloombergtax.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.
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