Introduction of VAT on non-life insurance premiums
17 June 2025
Dear cherished client,
Following the passage of the Value Added Tax (Amendment) Act, 2023 (Act 1107), the Ghana Revenue Authority (GRA) has announced the start of Value Added Tax (VAT) on all non-life insurance premiums, excluding motor insurance, effective Tuesday, 1 July 2025.
Your relationship officers and our intermediaries are on hand to help with any further information.
Phoenix Insurance: delivering delightful service with WISDOM!