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:
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VALUE ADDED TAX ON FISH
 

VALUE ADDED TAX ON FISH

 

The Value Added Tax Service wishes to clarify the following issues on VAT/NHIL on imported fish and local catch of fish.

 

 

A.    LOCAL CATCH FISH

 

1.   Under Item 4 of Schedule 1 (Exempt Supplies) of the Value Added Tax Act 1998 – Act 546, Agricultural and aquatic food product in its raw state, produced in Ghana are exempt.

 

2.   The implication is that these products including local catch fish do not attract VAT.

 

In accordance with the requirements of the VAT Act, the Value Added Tax (VAT) Service in accordance does not tax local catch fish.

 

3.   All fish landing from vessels licensed by the Ministry of Food and Agriculture (MoFA) to fish within Ghana’s Exclusive Economic Zone qualify as produced in Ghana.

 

 

B.    FOREIGN CATCH FISH OR IMPORTED FISH

 

1.   All fish landing outside Ghana’s Exclusive Economic Zone and all fish imports are taxable.

 

2.   Imported fish is taxed at the point of importation (i.e. Import VAT/NHIL).

 

3.   VAT Registered fishing companies selling fish deduct the Import (VAT/NHIL) paid at the port from the Domestic VAT they charge before paying the difference to the VAT Service. This ensures that it is only the value added generated in the distribution chain which is subjected to the tax.

 

4.   This eliminates any element of double taxation.

5.   There is therefore no double taxation on imported fish.

 

 

C.    FISHING INPUTS (EQUIPMENT AND NETS)

 

The Value Added Tax Act and its amendments also make Fishing Equipment (i.e. boats, nets, floats, twines, hooks and other fishing gear) locally manufactured and imported, exempt under Item 7 of the Exempt Supplies (i.e. Schedule 1 of the Act).

 

Imported inputs for the manufacture of fishing nets and twines by local manufactures are also exempt under the Act.

 

All these exemptions on fish, fishing equipment and inputs have been made with the aim of making the price of fish affordable.

 

 

For further information please call 021 – 610030-4 or toll free 0800-10017 or

Email: info@vats.gov.gh or visit our website: www.vats.gov.gh

 

Issued by the VAT Service
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VALUE ADDED TAX ON FISH
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