Tag: Value Added Tax
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GRA Sets 2026 Start for New VAT Reforms
Overview: VAT Reforms on the Horizon The Ghana Revenue Authority (GRA) has formalized its plan to roll out significant Value Added Tax (VAT) reforms beginning January 1, 2026. This follows the passage of the VAT Bill, 2025 and its assent by the president, signaling a major update to how VAT is assessed, collected, and reported…
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Sector Applauds 6% VAT Rate and Urges Interpretative Guidelines for Ongoing Cases
The sector applauds the 6% VAT measure and calls for interpretative standards The industry sector has welcomed the move to set the value‑added tax (VAT) at 6% for targeted goods and services, describing it as a fundamental measure and an important market incentive. The announcement is viewed as a much‑needed boost to competitiveness, helping to…
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Sector applauds VAT 6% and calls for interpretive rules for ongoing processes
Overview: broad support for VAT 6% The sector welcomed the move to set the value‑added tax rate at 6% for selected goods and services, viewing it as a meaningful incentive to stimulate the market. Industry leaders say the reduction can help lower consumer costs, boost competitiveness, and encourage investment at a time when the economy…