Small retailer scheme
Other indirect taxes
The intention has been that small retailers should charge a standard rate of VAT on taxable supplies, hence the introduction of the VFRS on 1 September 2007, which charges 3% on taxable supplies made by operators.
Import duty ranges from 0% to 20%, depending on the degree of luxury of the goods as specified under the Harmonised System and Customs Tariff Schedules.
to levy excise duties on all imports and domestic supplies of eligible goods, such as tobacco, vehicular and alcoholic products. The imports that will attract excise duty include those that have local equivalence.
Transfer of a business
The transfer of a business is VAT exempt.
No special rules apply in this regard. However, if the warranty is deemed to be part of a taxable service, it will attract VAT and NHIL.
Excise duty is limited in scope and is charged on some locally manufactured products, especially on tobacco and alcoholic and nonalcoholic beverages. The import of tobacco and beverages attract import excise duty. In the 2009 Budget, the Government has proposed
Stamp duty rates vary, depending on the kind of transaction.
PwC contact person
Darcy White George Kwatia Isaac Nyame Lydia Pwadura Gifty Matey
firstname.lastname@example.org email@example.com firstname.lastname@example.org email@example.com firstname.lastname@example.org
No. 12 Aviation Road, Una Home, 3rd Floor, Airport City, Accra, Ghana
PMB CT 42, Cantonments, Accra, Ghana
Tel: +233 21 761500 Fax: +233 21 761544
Contact details – PricewaterhouseCoopers, Ghana