Audio By Carbonatix
Parliament has approved the Value Added Tax (VAT) Bill, 2025, marking a major step toward overhauling Ghana’s VAT regime to improve clarity, consistency and legal certainty.
The new law replaces the existing flat-rate system with a unified structure designed to simplify the tax framework. It also raises the registration threshold for VAT-eligible businesses — a change expected to exempt many micro and small enterprises from VAT obligations altogether.
But during the debate, Minority Leader Alexander Afenyo-Markin warned that the revised framework could result in additional tax liabilities for businesses and increase the financial burden on the general public.
Deputy Finance Minister Thomas Nyarko Ampem dismissed these concerns, arguing that the reforms will make compliance easier, not harder, and will not introduce new tax burdens on businesses or consumers.
Latest Stories
-
La Liga to inspect Celta Vigo’s pitch after fungus outbreak
29 minutes -
Rotten waste chokes Accra CBD as Tudu refuse lingers
30 minutes -
Torres misses Barcelona training to finalise PSG move
39 minutes -
Xavi becomes first non-Dutch Netherlands coach since 1978
43 minutes -
Office of the Registrar of Companies fined GH¢240k for engaging unlicensed cybersecurity provider
45 minutes -
Poor Internet connectivity keeps disrupting teaching and learning at UEW
2 hours -
Volta Regional House of Chiefs congratulates Ablakwa, pledges stronger ties with Foreign Affairs Ministry
2 hours -
Baba Yara stadium will be ready for 2026/27 football season – NSA boss
2 hours -
Speak law, not emotions – Amaliba fires back at Mercer on Sedina Tamakloe’s release
2 hours -
NSA releases 121,754 PIN codes for 2026/2027 National Service Year
2 hours -
NSA withholds 22,269 national service PIN codes over identity verification issues
2 hours -
Eyipe’s sanitation crisis raises concerns over public health and coastal pollution
2 hours -
My studio caught fire after I ignored God’s warning to ditch secular music – Perez Musik
3 hours -
The trouble with being online all the time
3 hours -
Training the next generation of watchdog journalists
3 hours