Government slaps 21% VAT on Facebook advertisement from August 1

Government has imposed a 21 percent VAT on advertisement on social media platform, Facebook.

The newly introduced charge takes effect from August 1, 2023, and applies to both business and personal advertisements.

This was an announced today by Meta, the parent company of Facebook.

By this, all advertisers with a business country of Ghana will be levied, 2.5 percent NHIL, 2.5 percent GETFUND, one percent COVID-19 Levy plus the original 15 percent VAT.

Government is targeting the taxation of e-commerce and digital platforms as part of its revenue mobilization agenda.

Source: Ghana Business