The Parliament of Ghana passed the Value Added Tax (Amendment) (No. 2) Act , 2018 (Act 980) to apply a VAT rate of 0% on the supply of locally manufactured textiles up to 31 December 2021. The zero rating is applicable on locally manufactured textiles by a local manufacturer who has been approved by the Minister responsible for Trade and Industry.
Act 981 includes textiles as goods to which excise tax stamp is to be affixed effective 1 January 2019. Manufacturers and importers of textiles are therefore required to affix the tax stamp on their products.
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