Best answer: How do I get a VAT receipt from Ghana?

How do I get VAT receipt?

Getting a VAT receipt is super easy. You can do it in-store or online. Just ask for an e-receipt at the till when you purchase. You’ll be emailed a receipt that will have a quick link button to download your VAT receipt.

Who can register for VAT in Ghana?

Who qualifies to register for VAT? A vendor making taxable supplies of more than R1 million per annum must register for VAT. A vendor making taxable supplies of more than 2,059.54 Ghana Cedi but not more than 411,908.32 Ghana Cedi per annum may apply for voluntary registration.

Do I have to provide a VAT receipt?

Overview. If you sell a customer a product or a service, you need to give them an invoice (bill) by law if both you and the customer are registered for VAT (a business to business transaction). … The invoice must include certain information such as: how much the customer needs to pay you.

What qualifies as a VAT receipt?

A VAT receipt will be provided by VAT registered suppliers to you, the customer. It will show details of the sale including the tax date, the suppliers VAT registration number and the amount paid for the goods or services. … A VAT receipt can be in either paper or electronic format.

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What are the new rules on VAT?

From 1 March 2021, new ‘reverse charge VAT accounting’ rules apply to all qualifying supplies made on or after that date. This means that: Suppliers of goods or services are no longer be involved in the payment of VAT to HMRC. The liability for VAT payment is now be with the VAT registered customer.

How do you calculate VAT in Ghana?

The new VAT calculation in Ghana is 12.5 percent which is calculated on the value of the taxable supply of services and goods or the cost of import.

What is the new VAT rate in Ghana?

  1. The sales amount.
  2. GetFund Levy (2.5 percent)
  3. NHIL (2.5 percent) and all other taxes excluding the value-added tax itself.

How much is import duty in Ghana?

Primary Charges

1. Of a cylinder capacity not exceeding 1000cc 5% 0.75%
2.Of a cylinder capacity exceeding 1000cc but not exceeding 3000cc 10% 0.75%
3.Of a cylinder capacity exceeding 3000cc 20% 0.75%
4.Motor Cars designed for travelling on snow; golf cars and similar vehicles 20% 0.75%

How is the VAT calculated?

Take the gross amount of any sum (items you sell or buy) – that is, the total including any VAT – and divide it by 117.5, if the VAT rate is 17.5 per cent. (If the rate is different, add 100 to the VAT percentage rate and divide by that number.)

What is VAT example?

Value Added Tax (VAT), also known as Goods and Services Tax (GST) in Canada, is a consumption tax that is assessed on products at each stage of the production process – from labor and raw materials to the sale of the final product. … For example, if there is a 20% VAT on a product that costs $10, the consumer.

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How do I get a VAT registration certificate?

How to view your VAT certificate online

  1. Scroll down to the VAT section (Making Tax Digital for VAT) Click on “View your VAT account”
  2. Scroll to the ‘Manage VAT Section’ Click on ‘View VAT Certificate’
  3. (Optional) Print your VAT certificate. Scroll down and click the button ‘Print Certificate’

How do I calculate Nhil VAT?


  1. Value Added Tax (VAT) – Standard Rate = 12.5%
  2. National Health Insurance Levy (NHIL) = 2.5%
  3. Ghana Education Trust Fund (GETFund) = 2.5%
  4. COVID-19 Health Recovery Levy (COVID-19 HRL) = 1%