GHANA

The rate of value-added tax in Ghana has increased to 15% effective 29 December 2022.

VAT increase

On 29 December 2022, the Value Added Tax (Amendment) (No. 2) Act, 2022 (“the VAT Amendment Act”) was assented to by the President of Ghana.

In terms of Section 3(1) of the VAT Amendment Act, the rate of tax has increased from 12.5% to 15%.

The rate of tax is calculated on the value of the taxable supply of the goods or services; or the value of the import, and also applies to legal and intellectual property services rendered.

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