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Value Added Tax Act, 2013 (Act 870)
ActGhana National December 31, 2013 Source: Ghana Revenue Authority
VATtaxsales taxsellerthresholdregistration
Summary (Plain English)
Ghana's VAT law. Standard rate is 15% (12.5% VAT + 2.5% NHIL + 2.5% GETFund). Mandatory registration if annual taxable turnover exceeds GHS 200,000. Exemptions include: unprocessed food, medical services, education, financial services. VAT returns filed monthly. Input tax credits available for registered businesses. Penalties for late filing and non-compliance. Zero-rated: exports, international transport.
What This Means For You
- • VAT registration mandatory if turnover exceeds GHS 200,000/year
- • Standard rate: 15% (VAT + NHIL + GETFund)
- • Exempt: unprocessed food, medical, education
- • Monthly filing required
- • Input tax credits for registered businesses
- • Zero-rated: exports
Original Source
https://gra.gov.gh/domestic-tax/tax-types/value-added-tax/Content sourced from 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.