VATLive > Blog > VAT > Ghana VAT changes - Avalara

Ghana VAT changes

  • Jan 13, 2015 | Richard Asquith

Ghana VAT changes

The Ghanaian government has introduced in 2015 a number of VAT changes to help fund its restructuring program. The changes include:

  • Levying 5% VAT flat rate scheme on immovable property
  • Withdrawal of the VAT refund account
  • Withdrawal of import VAT and duties on education supplies, smart phones and some farm implements
  • Imposition of VAT on financial services
  • Nil VAT rating on domestically produced pharmaceuticals
  • Withdrawal of VAT relief on purchase order schemes
  • Rise in excise duties on tobacco
  • Introduction of Tax Payer Identification number (TIN) for port transactions
  • Introducing a new 17.5% levy on petrol
  • Introduction of a VAT Credit to replace the advanced VAT exemption system

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.