Ghana

Income Tax (Amendment) Act, 2025 (Act 1134)

Abolishment of withholding tax (WHT) of 10% on lottery winnings

Act 1134 abolishes the 10% WHT on lottery winnings, including betting, gaming, and other games of chance.

Abolishment of the 1.5% WHT on unprocessed gold winnings

Act 1134 abolishes the 1.5% WHT on unprocessed gold winnings by small-scale miners.

Revenue Administration (Amendment) Act, 2025 (Act 1129)

The amendment revises downward the tax refund account limit from 6% to 4% of total tax revenues.

Value Added Tax (VAT) Act, 2025 (Act 1151)

Act 1151 revises and consolidates the laws relating to the imposition of VAT and provides for related matters.

Change in taxable base for VAT

Act 1151 excludes the associated levies, such as the National Health Insurance Levy and Ghana Education Trust Fund Levy, from the taxable base of VAT.

Flat rate suppliers

Act 1151 abolishes the 3% and 5% VAT flat rate regimes and mandates all eligible suppliers to register at the 15% standard rate.

Upfront payment by unregistered importer

Act 1151 increases the upfront payment by an unregistered person who imports taxable goods and is not registered for VAT to 20% of the custom value of the taxable goods.

Holder of a reconnaissance licence or prospecting licence

The Third Schedule of Act 1151 provides relief to a holder of a reconnaissance or prospecting licence in respect of a supply of goods or services in connection with reconnaissance or prospecting upon meeting certain requirements.

Value Added Tax (Amendment) Act, 2026 (Act 1177)

Extension of VAT Registration Threshold to Taxable Services

Act 1177 amends Act 1151 by extending the VAT registration threshold, which previously applied only to supplies of goods, to cover taxable supplies of services as well. Under Act 1177, a person must therefore register for VAT where the value of their taxable supplies of goods and services:

• exceeds GH¢750,000 within any period of twelve months or less; or
• where, at the end of any month, there are reasonable grounds to expect that the person's taxable supplies will exceed GH¢750,000 during the following twelve months or less.

In addition, notwithstanding the above threshold requirements, the Commissioner-General may register a person or group of persons for VAT, where they deem it necessary.

Ghana Education Trust Fund (Amendment) Act, 2025

This Act amends Act 581 to allow for the deductibility of the levy.

National Health Insurance (Amendment) Act, 2025

This Act amends Act 852 to allow for the deductibility of the levy.

COVID-19 Health Recovery Levy (Repeal) Act, 2025

This Act abolishes the 1% COVID-19 Health Recovery Levy.

Growth and Sustainability Levy (Amendment) Act, 2025 (Act 1131)

Extension of the Growth and Sustainability Levy (GSL) to 2028

Act 1131 extends the applicability of the GSL from the initial end date of 2025 to 2028 for all eligible entities.

Raising the GSL for mining companies from 1% to 3% of their gross production

The amendment increases the GSL rate applicable to mining companies from 1% to 3% of their gross production.

Special Import Levy (Amendment) Act 2025 (Act 1125)

The amendment extends the applicability of special import levy of 2% on all imports, unless exempt, to 2028.

Electronic Transfer Levy (Amendment) Act 2025 (Act 1127)

Act 1127 abolishes the 1% electronic transfer levy.

Emissions Levy (Amendment) Act 2025 (Act 1128)

Act 1128 abolishes the emissions levy applicable on carbon dioxide equivalent emissions from specific sectors and internal combustion engine vehicle emissions.