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Value Added Tax Act, 2013 (Act 870)
ActGhana Source: GhaLII / Ghana Revenue Authority
TaxVATSales TaxGRA
Summary (Plain English)
Imposes Value Added Tax on the supply of goods and services in Ghana and on imports. Standard VAT rate: 15% (12.5% VAT + 2.5% NHIL + COVID levy). Registration threshold: annual turnover exceeding GHS 200,000. Mandatory for businesses above threshold. VAT returns filed monthly. Exempt supplies include basic foodstuffs, medical supplies, and educational materials.
What This Means For You
- • Businesses with turnover above GHS 200,000 must register for VAT
- • Effective combined rate is approximately 15%
- • Monthly VAT returns must be filed
- • Basic food items and medical supplies are exempt
- • Failure to register when required attracts penalties
Original Source
https://ghalii.org/legislation/act/2013/870Content sourced from GhaLII / Ghana Revenue Authority. Always refer to the official document for authoritative text.
Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.