VAT Calculator Ghana | Ghana has 12.5% standard Value Added Tax rate
The VAT calculator Ghana allows you to calculate your taxes for goods and services, as well as products. You can quickly check how much tax is due on an individual purchase or view the total cost with all of these calculations!
About the Ghana Vat Calculator
Quick Overview
| Standard Rate | Reduced Rate | Other Rates |
| 12.5% | 3% | 0% and exempt |
- Enter the amount
- Add Tax or Remove Tax
- See the results
Formula:
Add Tax
Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax
Tax Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost – Tax Amount
How is VAT calculated in Ghana?
The standard VAT rate is 12.5%, but there’s an exception for supplies from shopper retailers and the flat-rate fee applies instead at 3%. Customers who buy taxed goods in your business pay this tax when they use them or get Services that have been provided by you – it doesn’t matter how much profit margin exists between what was sold to whom!
How to calculate the new VAT in Ghana
VAT in Ghana is a complicated topic, but thankfully we’re here to help. The rate of VAT you have will depend on your specific needs and the type of goods/services that are being taxed – so don’t worry! We’ve included all relevant formulas below for Manual or Systemic calculations
Ghana VAT formula
Value Added Tax in Ghana is calculated using the following VAT formula:
VAT = a x (b / 100)
Where:
a = The product/service that is subject to VAT in Ghana.
b = The relevant rate of VAT in Ghana associated with the product/service.
Visit our Online VAT Calculator for all the vat calculations. It includes most countries in the world like, Ireland, South Africa | Germany | Philippines | Malta
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