Ghana Tax Agency Announces Implementation of New Tax Laws, Amendments

The Ghanaian Revenue Authority Jan. 31 announced the implementation of new tax laws and amendments, effective Jan. 1. The announcement explains measures that: 1) amend the Value Added Tax (Amendment) Act, 2023 (Act 1107) by providing a flat rate on specified supplies of commercial rentals and immovable property, extending the zero rate for locally manufactured textiles and vehicles, waiving the tax on on electric vehicles (EVs) for public transportation, reviewing exemptions for specific goods and services, and taxing non-life insurance contracts; 2) amend the Stamp Duty (Amendment) Act, 2023 (Act 1109) by increasing the stamp duty rate; 3) amend the ...