2017 Tax Amendments

The 2017 Tax Amendments introduced a series of changes to Ghana’s tax laws aimed at streamlining tax compliance and stimulating economic growth. These amendments affected various tax areas, including income tax, VAT, and excise duties. Key changes included adjustments to tax rates for specific sectors, modifications in income tax brackets, and changes to certain VAT exemptions. Additionally, the amendments revised regulations concerning capital allowances and incentives for certain industries, particularly those aligned with Ghana's economic priorities. The updates helped clarify existing tax regulations, provide relief to select businesses, and align Ghana’s tax system with international best practices.