Tax News
4 briefsGRA rolls out mandatory e-invoicing for all VAT-registered businesses from July 2026
The Ghana Revenue Authority has confirmed that mandatory electronic invoicing will take effect for all VAT-registered businesses from 1 July 2026. Under the new system, all VAT invoices must be generated through GRA-certified e-invoicing software and transmitted in real time to the GRA's central validation platform before being issued to customers. Paper invoices will no longer be accepted as valid tax documents for input tax credit purposes. The GRA has approved a list of certified software providers and is offering subsidised access for SMEs through a transitional support programme. Businesses that have not onboarded a certified solution by 30 June 2026 face automatic suspension of their VAT registration pending compliance.
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Ghana 2026 budget: corporate tax rate cut and new digital services levy confirmed
Ghana's 2026 budget, presented to Parliament in March, introduced the most significant corporate tax changes in a decade. The headline corporate income tax rate has been reduced from 25% to 22% for companies outside the extractive sector, effective 1 January 2026, as part of the government's strategy to attract foreign direct investment. At the same time, a new 2% Digital Services Levy has been introduced on the gross revenue of non-resident digital service providers supplying to Ghanaian consumers, including streaming platforms, software-as-a-service providers, and online marketplaces. The budget also confirmed the removal of the COVID-19 levy, which expired on 31 December 2025, reducing the overall VAT-equivalent burden on standard supplies from 21% to 20%.
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GRA sets April 2026 deadline for transfer pricing documentation submission
The GRA's Transfer Pricing Unit has issued a formal notice requiring all multinational entities operating in Ghana with related-party transactions exceeding GHS 500,000 in the 2025 year of assessment to submit their transfer pricing documentation by 30 April 2026. This is the first year in which the GRA is requiring proactive submission rather than waiting for audit-triggered requests. Documentation must include a local file prepared in accordance with the Ghana Transfer Pricing Regulations 2020 (L.I. 2412), and entities that are part of a group with global revenue above EUR 750 million must also provide a master file and country-by-country report. Penalties for non-submission are set at GHS 500 per day up to a maximum of GHS 50,000.
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Updated PAYE bands and personal relief figures effective 1 January 2026
The GRA has gazetted revised PAYE income tax bands and personal relief amounts applicable from 1 January 2026. The annual tax-free threshold increases from GHS 5,880 to GHS 7,560, providing relief to lower-income earners. The 5% band now applies to income between GHS 7,561 and GHS 10,980, and the 10% band covers GHS 10,981 to GHS 18,000. The upper bands of 17.5%, 25%, and 30% remain unchanged in structure, with the 30% rate applying to annual income above GHS 300,000 (up from GHS 240,000). The personal relief for resident individuals has been increased from GHS 1,200 to GHS 1,500 per annum. Employers must update payroll systems by 31 January 2026 and may apply the new bands retrospectively to January payroll in the February run without penalty.
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