Ghana

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

Abolishment of withholding tax of 10% on lottery winnings

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

Abolishment of the 1.5% withholding tax on unprocessed gold winnings

Act 1134 abolishes the 1.5% withholding tax 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 (Amendment) Act, 2025 (Act 1133)

Act 1133 follows from the 2023 VAT amendment and provides a definition of non-life insurance. Act 1133 defines non-life insurance to mean the provision of non-life insurance other than motor vehicle insurance.

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 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.