Ghana
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A digitally advanced fiscalization model with real-time communication of data with the tax authority has been introduced starting in 2022.
Ghana
Fiscalization is mandatory for all VAT payers. Communication between businesses and the tax authority is conducted in real-time. Transaction data is sent to the tax authority through a network, facilitating efficient monitoring of sales and services provided to customers. To ensure accuracy and reliability, POS applications undergo certification and need to be integrated with the Ghana Revenue Authority's system. The GRA is the official tax authority responsible for overseeing fiscal obligations.
Type of fiscalization: online-software based fiscalization
Latest news for Ghana
See moreHow to register for VAT in Ghana: A Guide for new businesses who are starting to operate in this country
Ghana
Author: Kristina Dosen
Starting a new business in Ghana can be an exciting and rewarding venture, but it also comes with some responsibilities and obligations. One of them is to register for VAT if you meet certain criteria and thresholds. In this article, we will explain what VAT is, who needs to register for it, and how to do it in Ghana. The following provides more in-depth information VAT stands for Value Added Tax... Read more
Starting a new business in Ghana can be an exciting and rewarding venture, but it also comes with so... Read more
E-VAT: What do you need to know about manual receipts in Ghana?
Ghana
Author: Kristina Dosen
The Ghana Revenue Authority (GRA) has introduced a new electronic invoicing system for value-added tax (VAT) transactions, known as E-VAT. E-VAT is an electronic means of issuing VAT receipts or an electronic invoicing system for VAT-registered businesses. The E-VAT certifies every invoice issued by taxpayers in near-real time for revenue assurance purposes. Read more
The Ghana Revenue Authority (GRA) has introduced a new electronic invoicing system for value-added t... Read more
The Ghana Revenue Authority enforces the E-VAT system and fiscal receipt and invoice issuance compliance
Ghana
Author: Kristina Dosen
The Ghana Revenue Authority (GRA) has stepped up its efforts to ensure compliance with the Value Added Tax (VAT) law by conducting operations to check the issuance of fiscal receipts and invoices by companies. The GRA's compliance and enforcement unit said that the non-issuance of fiscal receipts and invoices is a criminal offense and can lead to prosecution under sections 78 and 82 of the Reve... Read more
The Ghana Revenue Authority (GRA) has stepped up its efforts to ensure compliance with the Value Add... Read more
How long do taxpayers in Ghana have to keep records, and what are the penalties for non-compliance?
Ghana
Author: Kristina Dosen
According to the Revenue Administration Act 2016 (Act 915) (RAA), all taxable persons must maintain records of all receipts and payments, revenue and expenditure, and all assets and liabilities for a period of not less than six years from the end of the year to which they relate. This means that taxpayers must keep their invoices, receipts, accounting records, withholding tax exemption letters, an... Read more
According to the Revenue Administration Act 2016 (Act 915) (RAA), all taxable persons must maintain... Read more
Cases when the taxpayer in Ghana needs to inform the tax authorities of E-VAT issues
Ghana
Author: Kristina Dosen
The E-VAT service is a system that allows taxpayers to issue electronic invoices and receipts for their transactions. However, there are some situations where taxpayers need to contact the Tax Authority (GRA) as soon as possible to avoid any problems or penalties. Let's find out which are the three main cases where taxpayers should inform the GRA. Here are the three main cases where taxpayers shou... Read more
The E-VAT service is a system that allows taxpayers to issue electronic invoices and receipts for th... Read more
A new electronic invoicing (receipt) system for VAT-registered businesses in Ghana
Ghana
Author: Kristina Dosen
Ghana is currently introducing a new electronic invoicing (receipt) system for VAT-registered businesses, known as E-VAT, which will improve tax compliance and transparency. Various receipt security features issued using E-VAT engines are created to help accomplish the aim set by the Ghanian Tax Authority. Read more
Ghana is currently introducing a new electronic invoicing (receipt) system for VAT-registered busine... Read more
Latest document for Ghana
See moreThe content of fiscal receipt in Ghana
Ghana
Author: Kristina Dosen
This document aims to lay out the elements of fiscal receipts and describe the purpose of each of these elements, such as type of transaction, signature, rate of tax, etc. Read more
This document aims to lay out the elements of fiscal receipts and describe the purpose of each of th... Read more
Important characteristics of the fiscalization system – Ghana
Ghana
Author: Kristina Dosen
This valuable document is a yes-or-no-based analysis that represents the general fiscal requirements in Ghana. It addresses the main characteristics of the elements necessary for successful fiscalization with useful comments. For example: - Is there a hardware fiscal device usage? - Is a POS application certification needed? - Is there direct communication with tax authorities? - Is a layout of receipts defined? Please be free to read or download the document we have carefully prepared for you. Read more
This valuable document is a yes-or-no-based analysis that represents the general fiscal requirements... Read more
Recorded webinar: Fiscalization in Africa
Ghana
Author: Kristina Dosen
On May 24, 2023, Fiscal Solutions organized a free webinar on the topic of "Fiscalization in Africa". The webinar was held by Tara Nedeljkovic, a legal consultant at Fiscal Solutions. We presented the basics when it comes to fiscal requirements in several African countries. Read more
On May 24, 2023, Fiscal Solutions organized a free webinar on the topic of "Fiscalization in Africa"... Read more
Legal Q&A – Ghana
Ghana
Author: Kristina Dosen
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its content spares you the precious time you would invest in researching this specific field. This document, prepared by our experienced fiscal experts, unveils answers to questions such as: What is the type of fiscalization in the country? When did it start, and what was the timeline? What does the history of changes look like? What is the law? Which are the other regulations? Where does fiscal law need to be implemented? These examples concern only some general questions, but there are also chapters describing journals, communication with authorities, taxes, VAT, etc., and therefore questions and answers concerning these topics. Read more
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its... Read more
Practice note on taxation of e-commerce
Ghana
Author: Kristina Dosen
This document represents a practice note on taxation of electronic commerce provided by a non-resident person under the VAT Act (ACT 870) as amended on December 8, 2022, and published by the Ghana Revenue Authority. Read more
This document represents a practice note on taxation of electronic commerce provided by a non-reside... Read more
The Value Added Tax (Amendment) Act, 2022
Ghana
Author: Kristina Dosen
This document represents the Value Added Tax (Amendment) Act, 2022 (Act 1082) issued in Ghana by their authorities, with the date of assent being September 12, 2022. Read more
This document represents the Value Added Tax (Amendment) Act, 2022 (Act 1082) issued in Ghana by the... Read more