Tag Archives: VAT

The government has suspended the planned implementation of the 15 percent value-added tax (VAT) on domestic consumption of electricity. The Ministry of Finance has consequently instructed the Electricity Company of Ghana and the Northern Electricity Distribution Company to put the charging of the levy on hold. This was contained in …

  The General Secretary of the Industrial and Commercial Workers Union (ICU ), Morgan Ayawine, has asked the government to rescind its decision to charge a 15 percent value-added Value Added Tax (VAT) on electricity consumption beyond the lifeline threshold. He said proceeding to implement such a policy would amount to forcing …

The Finance Minister has proposed in the 2023 budget presentation an increment in the Value Added Tax (VAT) by 2.5 per cent. The standard VAT rate is 12.5%, except for supplies of a wholesaler or retailer of goods, which are taxed at a total flat rate of 3%. The proposal to …