Banks to charge 20% VAT on payments for Netflix, Zoom, TikTok and others
Commercial banks are preparing to apply 20 per cent Value Added Tax (VAT) to payments for cross-border digital services and e-commerce transactions made with cards issued in Ghana, according to information gathered by Joy Business.
Commercial banks in Ghana are set to implement a 20% Value Added Tax (VAT) on payments for cross-border digital services and e-commerce transactions made with cards issued in the country, according to reports by Joy Business. The Ghana Revenue Authority (GRA) has issued a directive for this change, though details of the directive and the extent of its implementation by banks remain unclear.
Standard Chartered Bank has already notified its customers that it will begin applying the 20% VAT to such transactions from October 15, 2026. The affected services include digital media and entertainment, software and SaaS, cloud and hosting services, digital gaming and betting, education and subscriptions, digital advertising, social media and communication, online travel and hospitality, computer and IT services, security and VPN services.
Customers using Ghana-issued debit or credit cards for these services are expected to pay the 20% VAT in addition to the service price and any existing bank charges.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
