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 Act, 2025 (Act 1151)

Act 1151 comes to revise and consolidate the laws relating to the imposition of VAT and to provide 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.

Increase in registration thresholds and its applicability

Act 1151 increases the VAT annual registration threshold from GHS200,000 to GHS750,000 (or the corresponding quarterly equivalent) for suppliers engaged in the taxable supply of goods. All suppliers engaged in the taxable supply of services are required to register for VAT regardless of threshold, within 30 days of commencement of service.

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.

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.