Ghana: Tax provisions in 2022 mid-year budget review

The 2022 mid-year budget review includes tax-related proposals.

The 2022 mid-year budget review includes tax-related proposals.

The 2022 mid-year budget review includes tax-related proposals that would:

  • Enhance value added tax (VAT) mobilization by digitalizing the collection of VAT revenues (e-VAT)
  • Introduce upfront payment of VAT on importers not registered for VAT, effective 1 October 2022
  • Extend the waiver of interests and penalties to give opportunity to non-registered taxpayers to take advantage of the waiver scheme and offer operational records of these taxpayers to the government
  • Revitalize non-tax revenue mobilization by introducing an end-to-end digitalized process for property rate mobilization
  • Minimize the government's tax expenditures through tax exemptions

Read an August 2022 report [PDF 2.9 MB] prepared by the KPMG member firm in Ghana

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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 3712, 1801 K Street NW, Washington, DC 20006.