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 moreNew document was uploaded: 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
Ghana implements the E-VAT system in a phased approach for different taxpayers
Ghana
Author: Kristina Dosen
In Ghana, the E-VAT system (also known as the fiscalization system) was recently introduced to many taxpayers. The implementation of this system began in October 2022 and is expected to be completed in full by the fourth quarter of 2024. To ensure a smooth transition, taxpayers are being enrolled in the E-VAT system based on a predefined timeline. The taxpayers in Ghana are categorized into three... Read more
In Ghana, the E-VAT system (also known as the fiscalization system) was recently introduced to many... Read more
New document was uploaded: 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
Who are the subjects of fiscalization in Ghana?
Ghana
Author: Kristina Dosen
The subjects of fiscal obligation in Ghana encompass every taxpayer who is registered for Value Added Tax (VAT). This obligation is imposed on each sale of goods or services provided to customers. Regardless of the size or type of business, every VAT-registered taxpayer in the country is obligated to fiscalize their transactions. Ghana has three distinct categories of taxpayers: large, medium, and... Read more
The subjects of fiscal obligation in Ghana encompass every taxpayer who is registered for Value Adde... Read more
New document was uploaded: 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
VAT rates and the latest change in the standard VAT rate in Ghana in 2023
Ghana
Author: Kristina Dosen
In Ghana, the current standard VAT rate stands at 15% for all transactions that take place within the country, unless specific exceptions apply. This rate has been in effect since the first quarter of 2023, following the amendment of VAT Act No. 1087. Under the existing VAT regulations, businesses and consumers engaging in transactions can expect the standard VAT rate of 15% to be applicable unles... Read more
In Ghana, the current standard VAT rate stands at 15% for all transactions that take place within th... 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