The Ghanaian Revenue Authority (GRA) is making significant strides in modernizing its tax system with the implementation of the second phase of the E-VAT system. Set to begin no later than December 2023, this phase aims to streamline tax processes and enhance revenue collection further in the country.
The second phase of the E-VAT System implementation in Ghana is in place.
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Ghana
Author: Kristina Dosen
Category:
Fiscal subject related
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389
Content accuracy validation date:
12.06.2023
Content accuracy validation time:
11:30h
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Phase 1 of the E-VAT initiative was launched in October 2022 and will conclude in June 2023. This initial phase targeted 600 taxpayers, specifically those with annual turnovers over GHS 5 million. These taxpayers were selected due to their size and higher risk profiles.
By December 2024, the GRA plans to enroll all taxpayers in the country in the E-VAT system, ensuring widespread adoption.
In addition to the E-VAT implementation, the GRA has already launched a digital services portal and an e-commerce platform. These platforms enable both residents and non-residents to conveniently pay their taxes online, simplifying the tax payment process and enhancing overall efficiency. The rollout of the second phase of the E-VAT program marks a significant milestone in Ghana's efforts to modernize its tax system.
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