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GRA Appoints VAT Withholding Agents Tax Update: May, 2018 Tax & Regulatory GRA Withholding VAT Agents | Background

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GRA Appoints VAT Withholding Agents Tax Update: May, 2018 Tax & Regulatory GRA Withholding VAT Agents | Background GRA appoints VAT Withholding Agents Tax update: May, 2018 Tax & Regulatory GRA Withholding VAT Agents | Background GRA appoints VAT Withholding Agents In line with the provisions of the Value Withhold 7% of output VAT Based on the above, all entities who 1 Added Tax (Amendment) (No. 2) Act, charge on payments to regis- are VAT registered suppliers should 2017 (Act 954), the Commissioner- tered VAT suppliers for stand- take note that standard rated supplies General (CG) of the Ghana Revenue ard VAT (i.e. 17.5% VAT) made to any of the under listed VAT Authority (GRA) has appointed entities supplies. Withholding Agents would attract a and institutions to act as VAT 7% withholding VAT deduction. Withholding Agents. The appointment Issue Withholding VAT Credit 2 of VAT Withholding Agents is in line Certificate in the form Effectively, the VAT amount to be with the GRA’s efforts to improve prescribed by the CG to VAT received from standard supplies to compliance in the VAT accounting and suppliers. VAT Withholding Agents would be collection process. 10.5% of the VAT charge. The suppli- 3 Submit Withholding VAT ers can however take input VAT credit, The appointment takes effect from Returns together with payment where applicable, for the 7% VAT Tuesday, 1 May, 2018. From this of VAT withheld to the CG for withheld in the new VAT return form. date, VAT Withholding Agents have every month not later than the the responsibility to: 15th day of the month immedi- The new VAT and VAT Withholding ately following the month to returns are available for download on which the returns relate. the GRA’s website - www.gra.gov.gh. 01 GRA Withholding VAT Agents | List of Agents List of Appointed VAT Withholding Agents Financial Institutions Government Institutions 1. Bank of Africa 1. Controller & Accountant General Department 2. Bank of Baroda Gh. 2. Ministry of Roads 3. Barclays Bank Ltd. 3. Urban Roads Department 4. CAL Bank 4. Ministry of Health 5. Ecobank Ghana 5. Ministry of Education 6. Energy Bank Ghana 6. Ministry of Works & Housing 7. Fidelity Bank 7. Ministry of Interior 8. First Atlantic Bank Ltd. 8. Ministry of Local Government 9. Ghana Commercial Bank 9. Ghana Revenue Authority 10. Guaranty Trust Bank 10. Ghana Education Service 11. HFC Bank Ghana Limited 11. Ghana Health Service 12. National Investment Bank 12. Feeder Roads 13. Prudential Bank 13. Ministry of Finance 14. Royal Bank 14. COCOBOD 15. Stanbic Bank 15. National Communication Authority 16. Standard Chartered Bank 16. Electoral Commission 17. Societe Generale Ghana 17. Ghana Ports & Harbour 18. United Bank for Africa 18. University of Ghana 19. Universal Merchant Bank 19. University of Professional Studies 20. Zenith Bank Ghana Limited 20. Kwame Nkrumah University of Science & Technology 21. Unibank Ghana 21. University of Cape Coast 22. Access Bank 22. Korle-Bu Teaching Hospital 23. Agricultural Development Bank 23. Komfo Anokye Teaching Hospital 24. Sahel Sahara 24. Ridge Hospital (Accra Regional Hospital) 25. First National Bank 25. Tema General Hospital 26. Social Security & National Insurance Trust (SSNIT) 26. Accra Technical University 27. SIC Insurance Co. Ltd. 27. Kumasi Technical University 28. Bank of Ghana 28. Takoradi Technical University 29. Cape Coast Technical University 30. GIMPA 31. Volta River Authority 32. National Identification Authority 33. Parliament of Ghana 34. Driver and Vehicle Licensing Authority 35. Ministry of Defense 36. University of Development Studies 02 GRA Withholding VAT Agents | List of Agents Petroleum Subcontractors Mining 1. Dredging Int. Services 1. Abosso Goldfields Limited 2. Baker Hughes Limited 2. Adamus Resources Ghana 3. Weatherford Ghana Limited 3. Anglogold Ashanti (Iduapriem) 4. Halliburton Int. Incorporation 4. Anglogold Ashanti (Obuasi) 5. Schlumberger Seaco Limited 5. Chirano Gold Mines 6. MODEC Ghana Limited 6. Ghana Bauxite Company 7. HESS Ghana Limited 7. Ghana Manganese Company 8. NOV Ghana Limited 8. Golden Star (Wassa) Limited 9. Tetra Netherlands BV 9. Golden Star Bogoso/Prestea 10. United Storage 10. Goldfields Ghana Limited (Tarkwa) 11. Ocean Rig Ghana 11. MED Mining 12. Maersk Drilling Services 12. Newmont Ghana Gold 13. Gulf Offshore 13. Newmont Golden Ridge 14. Technip Offshore UK Limited 14. Noble Gold Bibiani Limited 15. FMC Technologies 15. Perseus Mining (Gh) Limited 16. EXPRO Gulf Limited 16. Asanko Gold Ghana Limited 17. Dominion Oil Fields 17. African Mining Services 18. Canyon Offshore 19. Burbon Offshore 20. Bristow Helicopter 21. Bulkship and Trade 22. MI Holdings (BVI) Limited 23. SIEM Offshore AS Ghana 24. SRI EMAS Limited Telecommunication 1. SCANCOM 2. Vodafone Ghana 3. MILLICOM/Airtel Manufacturers 1. Unilever Ghana Others 2. Nestle Ghana Limited 3. GHACEM Limited 1. Meridian Port Services 4. WILMAR African Limited 5. Guinness Ghana Breweries 6. Kaysen Gaisie Limited 7. Accra Brewery Limited 8. Fan Milk Source: Ghana Revenue Authority 03 Contacts George Ankomah Partner Deloitte Ghana Tax & Regulatory [email protected] +233 501 320 895 Wisdom Kpano Manager Deloitte Ghana Tax & Regulatory [email protected] +233 501 320 969 Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.nl/about for a more detailed Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited and related services to public and private clients spanning multiple industries. world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 225,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter. This communication contains general information only, and none of Deloitte the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2018. For information, contact Deloitte Touche Tohmatsu Limited..
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