- President John Dramani Mahama approved the Value Added Tax Amendment Bill, 2025 on April 2.
- The Bill amends the Value Added Tax Act, 2013 to exempt motor vehicle insurance from VAT.
- The Government noted that VAT on motor vehicle insurance affects household incomes and commercial drivers.
- Excluding motor vehicle insurance from VAT aims to relieve households and commuters.
- The signing event was attended by key government officials and advisors.
Source: gna.org.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.
