Businesses’ VAT rates are anticipated to drop from 22% to 20% starting in 2026.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The final Value Added Tax (VAT) rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026.

This will be captured in the 2026 Budget, which the Finance Minister Dr. Ato Forson, has disclosed could be presented to parliament in October 2025.

Businesses currently pay about 22 percent as the effective VAT.

However, due to the current ongoing reforms and moves to simplify this tax type and regulations, that final rate will be reduced to 20 percent.

Commissioner General of the Ghana Revenue Authority, Anthony Sarpong, noted that the government is committed to reducing the tax burden on businesses.

Source: newsthemegh.com