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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Ghana Revenue Authority (GRA) will, from July 1, 2025 commence a 15% Value Added Tax (VAT) on non-life insurance premiums.
“Starting July 1, 2025, a 15% VAT will be applied to non-life insurance premiums in Ghana,” the authority said on its social media pages.
According to the GRA, the tax will affect property, health, and travel. Motor insurance is, however, exempted.
The tax handle is expected to improve revenue collection for the government to help meet their target set in the 2025 Budget.
Source: newsthemegh.com