GHANA ONLINE Ghanaians to pay more for advertising on Meta platforms 2 months ago Szarlot Post Views: 103 Meta, the parent company of social media giant Facebook, has recently announced significant changes for advertisers in Ghana. Starting August 1, 2023, all Facebook ads in the country will be subject to a 15% value-added tax (VAT) in addition to other levies According to a statement on Meta’s help center, the newly introduced VAT will apply to all ad charges, regardless of whether the ads are intended for business or personal purposes. For advertisers with a business presence in Ghana, there will be additional levies. These include a 2.5% National Health Insurance Levy (NHIL), a 2.5% GETFund, and a 1% COVID Health Recovery Levy on top of the 15% VAT on advertising services purchased. This move comes as a response to the Ghanaian government’s efforts to increase tax revenue from digital players, targeting platforms such as Netflix, Alibaba, Amazon, Google, and online betting companies. Since April 1, 2022, the Ghanaian government has required e-commerce and digital platforms without physical presence in the country to file tax returns and pay monthly taxes, similar to local businesses. The tax rate, set at 18.5%, is expected to generate around ¢2.7 billion ($372 million) in revenue for the state in its first year. The Ghana Revenue Authority, responsible for tax collection, estimates collecting approximately ¢1.7 billion from betting and gaming companies and an additional ¢1 billion from digital platforms like Google, Instagram, TikTok, Facebook, and others in the e-commerce sector. Non-resident companies failing to comply with the tax requirements may face payment restrictions in Ghana. Source: pulse.com.gh About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Facebook, Ghana, Meta, tax Continue Reading Previous Slotegrator presented new exciting solutions at iGB L!ve 2023Next Exploring the Phenomenon: The Growth of Crash Games in Africa’s iGaming Market More Stories GAMES ONLINE Burning Seven 14 hours ago Iwo Bulski BETTING GHANA Why ‘Sewing Machine’ is trending in the world of sports betting 19 hours ago Samuel ONLINE WORLD NEWS Games from Slotegrator are available on Bazed Bet 2 days ago Iwo Bulski ONLINE WORLD NEWS Gamers of Cybersports Host Educational Event for Young Gamers in Dubai 2 days ago Samuel GAMES ONLINE Aviator Predictor App: A Game-Changer for Aviator Players? 2 days ago Szarlot ONLINE WORLD NEWS STATSCORE renews sports data agreement with Slovenian PrvaLiga 3 days ago Iwo Bulski CASINO ONLINE Discovering JetX: The Game Changer in Casino Gaming 3 days ago Samuel KENYA ONLINE Xprizo partners with African payments provider M-Pesa 3 days ago Samuel ONLINE WORLD NEWS Advantages of getting the Anjouan license in 2023 4 days ago Iwo Bulski NIGERIA ONLINE Crypto Betting: a growing trend in Nigeria 4 days ago Szarlot ONLINE WORLD NEWS STATSCORE and Women’s Campeonato Brasileiro Interclubes U23 6 days ago Iwo Bulski GAMES ONLINE Crazy Reals from Centurion 7 days ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.