Ghana to extend Value Added Tax base
- Jul 15, 2013 | Richard Asquith
Following a recommendation by the International Monetary Fund, Ghana is set to extend the net of goods and services which will be liable to Value Added Tax.
These may include:
- Financial services, including insurance policies and banking
- Books, newspapers and postage
- Medical supplies
The current Ghanaian VAT rate is 16%. Any new changes to the VAT net would come into effect in 2014.