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The GRAs’ informative statement regarding the implementation of the E-VAT system in Ghana
Summary
The Ghana Revenue Authority (GRA) is in the process of rolling out an electronic VAT invoicing system that will assist businesses and the authority in obtaining real-time monitoring of VAT transactions.
More on deadlines and some specifics are as follows.
Content
No later than June 2024, six hundred (600) VAT-registered taxpayers will be onboarded into the system to issue electronic VAT invoices based on the GRA predictions.
The authority emphasised that the e-VAT system is currently in the piloting stage but will soon be rolled out to all VAT-registered taxpayers. This integration aims to enhance revenue collection, combat tax evasion, and promote transparency in tax administration, as evidenced by the success of the pilot phase.
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