Taxpayers to pay less under revised VAT structure from 2026 — GRA

Dr Martin Kolbil Yamborigya, the Commissioner for the Domestic Tax Revenue Division at the Ghana Revenue Authority (GRA), says recent changes under the new Value Added Tax (VAT) law will result in a lower effective VAT burden for taxpayers, contrary to public concerns about higher taxes.

Speaking to explain the reforms, Dr Kolbil said the revised VAT structure has “recoupled” the tax base, ensuring that VAT, the GETFund Levy and the National Health Insurance Levy (NHIL) are all calculated on the same base amount.

“What it means is that before you apply the VAT rate of 15 per cent, you had to include the GETFund of 2.5 per cent and the National Health Insurance Levy of 2.5 per cent. That gave a higher effective VAT rate,” he explained. “But we have brought it back to where it was before.”

Source: www.myjoyonline.com

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