- Ghana confirms VAT reform plans in mid-year Budget
- Reforms were initially proposed in March 2025 Budget
- Government agreed with IMF on addressing tax neutrality concerns
- Concerns involved three cascading taxes: GETFund levy, NHIL, and COVID-19 levy
- Government considered repealing COVID-19 levy and separating GETFund and NHIL from VAT
- Plans include reducing effective VAT rate and repealing COVID-19 levy
- Aim to remove cascading effect of GETFund and NHIS levies
- VAT flat rates to be removed and a unified VAT rate implemented
- VAT registration threshold to be raised
- Efforts to boost voluntary compliance through awareness campaigns and fiscal electronic device requirements
Source: answerconnect.cch.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.
