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Ghana has three distinct categories of taxpayers: large, medium, and small taxpayers. All of these categories are encompassed by the fiscal obligation. This means that irrespective of whether a taxpayer falls into the large, medium, or small category, they are required to comply with the fiscalization requirements.
The fiscalization system in this country applies to both the standard VAT rate scheme and the flat VAT rate scheme. Regardless of which scheme a taxpayer falls under, they are subject to the new fiscalization system. This inclusion encompasses taxpayers in both scheme types.
It is important to note that under this system, all VAT components for both VAT scheme types remain integral to the calculation of liabilities. Whether a taxpayer is under the standard VAT rate scheme or the flat VAT rate scheme, the respective VAT components continue to hold significance in the calculation of their fiscal responsibilities.
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New document was uploaded: Content of fiscal receipt in Ghana

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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

New document was uploaded: Recorded webinar: Fiscalization in Africa

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

Ghana implements the E-VAT system in a phased approach for different taxpayers

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

VAT rates and the latest change in the standard VAT rate in Ghana in 2023

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

New document was uploaded: Legal Q&A – Ghana

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
