The National Health Insurance (Amendment) Act, 2018 (Act 971) and Ghana Education Trust Fund (Amendment) Act, 2018 (Act 972) separated the NHIL and GETFL from the value-added tax (VAT) regime with effect from 1 August 2018. VAT-registered persons are therefore no longer entitled to an input tax deduction for the NHIL and GETFL of 2.5% (each) imposed on the value of qualifying taxable supplies.
Effective 1 August 2018, the Value Added Tax (Amendment) Act, 2018 (Act 970) reduced the standard VAT rate from 15% to 12.5%.
The 2019 budget has the following tax policies or initiatives proposed by the government to be undertaken during the year:
Last Reviewed - 05 December 2018