September 7, 2010 
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ADABRAKA LVO: Address:VAT House, Ring Road Central, Circle Next to Busy Internet Private Mail Bag, General Post Office Accra Telephone:(233)-028 – 9539216 - 19 Fax:(233)-021-247958 Email:adabrakalvo@vats.gov.gh URL:

AFLAO VSS: Address:1st Floor, Excel Filling Station, Viepe P.O. Box 289 Aflao Telephone:(233)-0962-30663 / 30693 Fax:0962- 30693 Email:aflaovss@vats.gov.gh URL:

BOLGA VSS: Address:SSNIT Building (Sacred Heart Catholic Church) P.O Box 509, Bolga Telephone:(233)-072-22171 / 23477 Fax:(233)-072-23477 Email:bolgavss@vats.gov.gh URL:

CAPE COAST VSO: Address:1st Floor Municipal District Edu. Block Near Jubilee Sch. Beulah Lane. P.O. Box CT. 958 Cape Coast Telephone:042-32072/30469/35926 Fax:042-30469 Email:capecoastvso@vats.gov.gh URL:

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HO VSO: Address:SIC Building, Ho Bankoe, P.O Box 134, Ho Telephone:(233)-091-26789/27212 Fax:(233)-091-27212 Email:hovso@vats.gov.gh URL:

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MADINA VSO: Address:Madina Shell Filling Station Hollywood Plaza, Madina Accra Telephone:(021)- 519962-4 Fax: Email:madinavso@vats.gov.gh URL:

ZERO RATING OF LOCALLY PRODUCED PHARMACEUTICALS

ISSUED BY THE VAT SERVICE

 

ZERO-RATING OF LOCALLY PRODUCED PHARMACEUTICALS

 

THE VAT SERVICE WISHES TO INFORM BUSINESSES IN THE PHARMACEUTICAL INDUSTRY ABOUT THE VALUE ADDED TAX (AMENDMENT) (NO. 2) ACT, 2008 (ACT 765) WHICH MAKES ALL LOCALLY PRODUCED PHARMACEUTICALS ZERO-RATED.

 

THIS AMENDMENT MEANS THAT, PHARMACEUTICAL COMPANIES THAT MANUFACTURE DRUGS LOCALLY NOW QUALIFY FOR REFUND UPON APPLICATION TO THE COMMISSIONER AS CAPTURED IN SECTION 25 OF THE VAT LAW, 1998, ACT 546 AND SCHEDULE 2 OF THE ACT AS AMENDED.  THIS REPLACES SCHEDULE A OF THE VAT LAW (PHARMACEUTICAL EXEMPTIONS).

 

THE IMPLICATION OF THIS NEW DISPENSATION IS THAT, PHARMACEUTICAL COMPANIES WILL NOW PAY VAT ON ALL IMPORTATION OF ACTIVE INGREDIENTS UPFRONT.   ALL INPUT TAXES PAID AT IMPORTATION AND IN PURCHASING OTHER LOCAL INPUTS FOR THE PRODUCTION OF PHARMACEUTICAL PRODUCTS SHALL THEREFORE BE REFUNDED BY THE COMMISSIONER TO PHARMACEUTICAL COMPANIES ON APPLICATION.

 

FOR FURTHER INFORMATION PLEASE CALL: 021-610030-3 OR TOLL FREE NUMBER 0800-10017 OR EMAIL US ON info@vats.gov.gh

 

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