The recent amendments to the tax regulations bring a series of changes to Ghana, particularly in the VAT rates affecting certain sectors. These adjustments aim to incentivize certain economic activities while ensuring that essential services remain accessible. Significant amendments include some changes in the area of indirect taxes, as explained below. Reducing the VAT rate applicable to comme... Read more

In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more

Discounts are allowed in Ghana for various reasons, as long as they are fair and transparent. There are some rules for the types, treatments, and presenting discounts on receipts. There are two types of discounts in Ghana: item discounts and total discounts. So, let's find out more about them. Read more

Ghana's Ministry of Finance has published the 2024 Budget Statement delivered in this country's Parliament. Tax measures announced as part of the budget include the following, as written below:. Certified invoices will be required as the basis for all deductible expenses for income tax purposes. The second phase of the electronic invoicing system (e-VAT), covering six hundred large taxpayers an... Read more

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

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 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