Parliament has approved the Value Added Tax (VAT) Bill 2025, a major reform initiative aimed at enhancing clarity, consistency, and legal certainty within Ghana’s VAT regime.
The bill replaces the existing flat-rate system with a unified VAT structure and increases the registration threshold for VAT-eligible businesses, a move expected to exempt many micro and small enterprises from VAT obligations.
During the debate, Minority Leader Alexander Afenyo-Markin cautioned that the revised framework could lead to additional taxes for businesses and increase the financial burden on the public.
However, Deputy Finance Minister Thomas Nyarko Ampem dismissed those concerns, insisting that the new VAT system is intended to simplify compliance rather than impose extra costs on businesses or consumers.
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