Core Viewpoint - The Ghana Revenue Authority (GRA) has confirmed that the new Value Added Tax (VAT) Act 2025 will come into effect on January 1, 2026, introducing significant reforms aimed at simplifying VAT management, improving efficiency, and promoting voluntary compliance [1] Group 1: Key Changes in VAT Regulations - The VAT registration threshold for goods trading businesses has been raised from 200,000 cedis to 750,000 cedis, relieving more micro and small enterprises from mandatory VAT registration [1] - The COVID-19 Health Recovery Levy has been abolished, easing the tax burden on businesses [1] - The re-linking of the National Health Insurance Levy (NHIL) and the Ghana Education Trust Fund (GETFund) taxes will allow businesses to apply for input tax credits [1] Group 2: Tax Rate Adjustments - The standard VAT rate has been reduced to 20%, aimed at alleviating the tax burden on households and businesses [1] - The unified VAT rate system has been abolished, paving the way for a more transparent VAT structure [1]
加纳新增值税制度将于1月1日生效
Shang Wu Bu Wang Zhan·2026-01-02 01:20