2022 Tax Amendments Take Effect

In line with the tax policy proposals in the 2022 Budget Statement, Parliament of Ghana has passed into law Amendment Acts to bring various tax policy proposals into effect. The new Acts passed into law are the Income Tax (Amendment) (No.2) Act, 2021 (Act 1071), Value Added Tax (Amendment) Act, 2021 (Act 1072) and Penalty and Interest Waiver (Amendment) Act, 2021 (Act 1073). The Acts have a gazette date of 31 December 2021 and accordingly take effect from this date. 

In this tax update, we provide a summary of the provisions of these Acts and how they will affect taxpayers.

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