Ghana Tax Agency Issues VAT FAQs on Estate Developer Supplies, Rentals of Immovable Property

The Ghanaian Revenue Authority July 1 issued VAT FAQs on estate developer supplies, and rentals, of immovable property. Topics covered include: 1) the 5 VAT rate, and 1 percent COVID-19 levy rate, on the taxable value of immovable property; 2) the VAT registration threshold of annual turnover exceeding 200,000 Ghanaian cedis (US$19,331); 3) the requirement for registered or registrable developers, and suppliers of immovable property for rental purposes, to charge VAT on supplies of the property; 4) the entitlement of these developers and suppliers to claim input VAT deductions if also engaged in taxable supplies of other than immoveable property ...