In Ghana, the flexibility in issuing fiscal receipts is notable, as taxpayers are provided with multiple options for how they can deliver these receipts to their customers.
Specifically, there are two principal forms of receipts that are allowed to be used and include printed and e-receipts.
Ghana's dual approach when it comes to fiscal receipt forms
Public
Ghana
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
46
Content accuracy validation date:
26.04.2024
Content accuracy validation time:
08:07h
Content
- Printed Receipts: These are the traditional hard-copy receipts that can be provided by retailers during fiscal transactions. It's important to note that the use of printed receipts is not compulsory. Retailers have the discretion to opt for digital alternatives if they prefer.
- Electronic Receipts: Also known as digital, soft copy, or e-receipts, these are increasingly common in modern transactions. They can be issued by any taxpayer dealing in goods or services and are typically sent to customers via email or SMS.
In Ghana, the choice of receipt form—whether printed or electronic—is left to the discretion of the taxpayer, providing a level of flexibility that encourages ease of compliance and adaptation to technological advancements. This approach helps cater to diverse consumer preferences and operational styles of businesses and allows for a more modern business setup.
Other news from Ghana
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
Ghana: The recent Tax Act amendment became effective.
Public
Ghana
Author: Kristina Dosen
Ghana
Author: Kristina Dosen
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
New document was uploaded: Recorded webinar: It’s time to grow together
Public
Author: Kristina Dosen
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
Types and handling of discounts in Ghana: what do you need to know?
Ghana
Author: Kristina Dosen
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 2024 Budget: what businesses need to know about the VAT Changes
Public
Ghana
Author: Kristina Dosen
Ghana
Author: Kristina Dosen
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
How to register for VAT in Ghana: A Guide for new businesses who are starting to operate in this country
Public
Ghana
Author: Kristina Dosen
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