5 Major Developments in Ghana
- Ghana Aiming To Complete E-Invoicing Rollout By 2025
- Ghana Revenue Authority To Begin First Phase of e-VAT Implementation On March 31
- Federation of Labour calls for more engagement on Excise Duty Amendment Bill
- Changes to preference certificates from Ghana
- Ghana Reduces Electronic Transfer Levy and Increases VAT Rate
Customs
Deduction (Input Tax Credit)
Excise
Exemption
- 2023 budget passed by Parliament includes VAT and e-levy amendments
- Tax Agency Posts Amendments to VAT Act
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Ghana Removes VAT Exemption From Various Supplies Effective 1 January 2023
- Ghana enacts various amendments to tax laws introduced in the 2023 Budget Statement
E-Commerce / Electronic Services
E-Invoicing
-
Ghana Revenue Authority To Begin First Phase of e-VAT Implementation On March 31
-
VAT registered vendors to be connected to GRA system by 2024
-
2023 budget passed by Parliament includes VAT and e-levy amendments
Fraud / Tax Evasion
Implementation / Reform
Importation
-
Relief from import VAT and levies available on raw materials for manufacturers
- Changes to VAT and e-levy rates effected and benchmark discount value policy reversed
Invoice
Liability (reverse charge/withholding)
Rate
- Changes to preference certificates from Ghana
-
Ghana Reduces Electronic Transfer Levy and Increases VAT Rate
- 2023 budget passed by Parliament includes VAT and e-levy amendments
- Tax Agency Posts Amendments to VAT Act
- Ghana enacts various amendments to tax laws introduced in the 2023 Budget Statement
-
Kwesi Pratt takes on NDC MPs over passage of VAT Amendment Bill
Real Time Reporting/Continuous Transaction Controls
Reporting / Compliance
- GRA to Complete E-VAT Implementation in December 2024
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Key tax highlights from 2023 budget statement: Indirect taxes
Supply of Services
Taxable Amount
Tax Authorities / Penalties
Taxable Transaction