- Ghana has enacted major tax, VAT, and customs reforms after Parliament passed several bills.
- The effective VAT rate drops from 21.9% to 20% by removing GETFund and NHIL from the VAT base and abolishing the COVID-19 Health Recovery Levy.
- The VAT registration threshold for goods traders rises from GHS 200,000 to GHS 750,000.
- VAT on motor insurance is removed; zero-rating for locally manufactured textiles is extended to 2028, but zero-rating for locally assembled vehicles is not extended.
- New compliance measures include Fiscal Electronic Devices, digital VAT systems for e-commerce and non-resident suppliers, and a VAT reward scheme for consumers.
Source: regfollower.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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