Ghana Implements Major VAT Reforms: Higher Threshold, Abolished Levies, and Simplified Structure

• VAT registration threshold for goods increased from GH₵200,000 to GH₵750,000.
• COVID-19 Health Recovery Levy abolished.
• NHIL and GETFund levies now allow input tax credit claims and are treated as input tax deductions.
• VAT Flat Rate Scheme (VFRS) abolished; unified VAT structure introduced.
• Effective implementation of reforms is January 1, 2026; total effective VAT rate remains 20%.

Source: gra.gov.gh

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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