- Ghana Revenue Authority (GRA) will implement major VAT reforms starting January 1, 2026.
- Standard VAT rate will be reduced to 20%, and the registration threshold for businesses dealing in goods will rise from GH¢200,000 to GH¢750,000.
- Several levies, including the COVID-19 Health Recovery Levy, will be abolished; NHIL and GETFund levies will now allow input tax credit claims.
- The VAT Flat Rate Scheme (VFRS) will be discontinued and replaced with a unified VAT structure.
- The reforms aim to simplify VAT administration, promote fairness, improve efficiency, and encourage voluntary compliance.
Source: adomonline.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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