How to Calculate VAT in Ghana | 12.5% Standard Rate Guide
The VAT calculator for VAT Ghana lets you determine your tax rates for items and services as well as for goods. You can quickly determine the tax amount due on a particular purchase or look up the total price with the entire calculation!
About the Ghana Vat Calculator
Quick Overview
| Standard Rate | Reduced Rate | Other Rates |
| 12.5% | 3% | 0 percent and exempt |
How do you calculate the vat using our Ghana calculator
- Fill in the number
- Add Tax or Remove Tax
- Check 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
What is the VAT in Ghana?
The VAT standard rate is 12.5 percent, however there’s an exemption for purchases from retailers who are shopper and the flat-rate rate applies instead of 3percent. Taxpayers who purchase tax-exempted products within your company have to pay the tax every time they use them or receive services offered by you. It isn’t a matter of how much profit margins exist between the goods offered to whom!
How can I determine the new VAT for Ghana
The VAT system in Ghana is a complex subject however, we’re here to aid. The amount of VAT you pay will be based on your individual needs and kind of products or services that are subject to taxation – so don’t fret! We’ve provided all the relevant formulas below for manual or Systemic calculations.
Also, Irish Vat Calculator Dublin Normal Rate for Irish is 23%.
Ghana VAT formula
Value added tax for Ghana is calculated by using the following formula for VAT:
VAT = a x (b / 100)
