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Ghana Reduces Electronic Transfer Levy and Increases VAT Rate

13 February 2023

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Approved Changes

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Ghana

The Ghana Revenue Authority recently announced the amendment of different tax laws with effect from 1 January 2023, including measures announced as part of the 2023 Budget. The two main measures include a reduction in the Electronic Transfer Levy headline rate to 1% and an increase in the VAT rate from 12.5% to 15.0%. --- Amendments Of Tax Laws The Ghana Revenue Authority (GRA) announces for the information of the general public the coming into force of the amendments of the following tax Laws; ELECTRONIC TRANSFER LEVY (AMENDMENT) ACT 2022 (ACT 1089) REVENUE ADMINISTRATION (AMENDMENT) ACT, 2022 (ACT 1086) VALUE...