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Ghana: Tax data card for 2019

Ghana: Tax data card for 2019

A “tax data card” prepared by the KPMG member firm in Ghana provides an overview of the Income Tax Act, 2015 (Act 896) as amended.

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The KPMG tax data card reflects the following tax law changes:

  • Exemption from tax on gains from the realisation of securities listed on the Ghana Stock Exchange
  • Repeal of taxes and levies on petroleum and petroleum-related products
  • Removal of 1% special import levy payable on specific imported goods
  • Removal of 17.5% value added tax (VAT) / national health insurance levy (NHIL) on financial services, on selected imported medicines (not manufactured in Ghana), and on domestic airline tickets
  • Reduction of VAT/NHIL for traders from 17.5% to 3% and reduction of the special petroleum tax from 17.5% to 15%
  • Introduction of a VAT flat-rate scheme


Read a 2019 report [PDF 1.21 MB] prepared by the KPMG member firm in Ghana

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

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