Value Added Tax (Amendment) (No.2) Act, 2018 Act 980

VALUE ADDED TAX (AMENDMENT) (NO.2) ACT, 2018 (ACT 980)
ARRANGEMENT OF SECTIONS
Section
1. Section 50 of Act 870 amended
2. Second Schedule to Act 870 amended
1

ED TAX (AMENDMENT) (NO.2) ACT, 2018 (ACT 980)
ARRANGEMENT OF SECTIONS
Section
1. Section 50 of Act 870 amended
2. Second Schedule to Act 870 amended
1

ACT 980
REPUBLIC OF GHANA
REPUBLIC OF GHANA
THE NINE HUNDRED AND EIGHTIETH
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
VALUE ADDED TAX (AMENDMENT) (NO.2) ACT, 2018
AN ACT to amend the Value Added Tax Act, 2013 (Act 870) to zero-rate the value added tax
on the supply of locally manufactured textiles and to provide for related matters. DATE OF ASSENT: 28th December, 2018. PASSED by Parliament and assented to by the President:
Section 1—Section 50 of Act 870 amended
The Value Added Tax Act, 2013 (Act 870) referred to in this Act as the “principal enactment”
is amended in section 50 by the insertion after paragraph (b) of subsection (1), of
“(c) in the case of the excess credit directly attributable to locally manufactured textiles subject
to zero-rate as provided in the Second Schedule, the Commissioner-General may refund the
excess credit attributable to that period upon the receipt of an application for refund of the
excess credit.”.

he Commissioner-General may refund the
excess credit attributable to that period upon the receipt of an application for refund of the
excess credit.”.

Section 2—Second Schedule to Act 870 amended
The Second Schedule to the principal enactment is amended in paragraph 2 by the insertion
after subparagraph (9), of
“ (10), A supply of locally manufactured textiles by a local manufacturer who has been
approved by the Minister responsible for Trade and Industry up to 31st December, 2021.”. Date of Gazette Notification: 31st December, 2018. 2