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Value Added Tax (Amendment) Act, 2018 (Act 970)

From The Legal and Regulatory Framework of Ghana
Revision as of 22:32, 11 June 2024 by Oblitey (talk | contribs) (Created page with "==ARRANGEMENT OF SECTION== :1. Section 3 of Act 870 amended ==PURPOSE== AN ACT to amend the Value Added Tax Act, 2013 (Act 870) to revise the Value Added Tax rate to twelve and a half percent and to provide for related matters. ==DATE OF ASSENT== 31st July, 2018 ==ACT== ====Section 1 — Section 3 of Act 870 amended==== The Value Added Tax Act, 2013 (Act 870), is amended in section 3 by the substitution for subsection (1) of :"Rate of Tax ::(1) Except as otherwise pr...")
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ARRANGEMENT OF SECTION

1. Section 3 of Act 870 amended

PURPOSE

AN ACT to amend the Value Added Tax Act, 2013 (Act 870) to revise the Value Added Tax rate to twelve and a half percent and to provide for related matters.

DATE OF ASSENT

31st July, 2018

ACT

Section 1 — Section 3 of Act 870 amended

The Value Added Tax Act, 2013 (Act 870), is amended in section 3 by the substitution for subsection (1) of

"Rate of Tax
(1) Except as otherwise provided in this Act, the rate of the tax is twelve and a half percent and is calculated on
(a) the value of the taxable supply of the goods or services; or
(b) the value of the import.".
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