Value Added Tax (VAT) is a tax on the supply of goods and services in Ghana, administered by the Ghana Revenue Authority (GRA). If your business turnover crosses the VAT threshold, registration is mandatory. Here is what you need to know.
Who must register for VAT?
You are generally required to register if your taxable turnover exceeds the GRA threshold — currently around GHS 200,000 over twelve months (or GHS 50,000 over any three months). Businesses below the threshold may register voluntarily, and some are better off doing so to reclaim input VAT.
What are the current rates?
The standard VAT rate is 15%. On top of VAT, several levies usually apply on the same value — the National Health Insurance Levy, the GETFund Levy and the COVID-19 Health Recovery Levy — so the effective charge on an invoice is higher than 15%. Some small retailers use a flat-rate scheme instead. Rates and levies change in national budgets, so confirm the current figures with us before pricing your invoices.
What you need to register
- Your business registration certificate (Business Name or Company)
- Your Taxpayer Identification Number (TIN)
- Business and contact details, and estimated turnover
If you do not yet have a TIN, get your TIN first.
After you register
You will charge VAT on taxable sales, issue proper VAT invoices, file monthly returns with the GRA (usually by the last working day of the following month), and pay over the VAT collected less allowable input VAT. Late filing and payment attract penalties and interest.
Let NELLA Support handle it
We can register your business, obtain your TIN, and set you up for VAT with the GRA so you start on the right footing. Browse our services to get going.