Fiscal subject related
The GRA expressed confidence in the significant positive impact that the E-VAT will have on VAT contributions and takes this opportunity to assure all stakeholders of its steadfast commitment to the comprehensive and rapid implementation of the E-VAT system.
They added that the successful rollout of E-VAT is poised to enhance revenue collection, combat tax evasion, and help promote transparency in tax administration, as demonstrated by the Pilot Phase. The GRA emphasized continuing to onboard obligated entities onto the E-VAT system in the upcoming period.
Other news from Ghana
Checking receipt validity inside E-VAT system in Ghana
In Ghana, customers can verify the authenticity of an E-VAT invoice or receipt on their own. Below is a detailed explanation of this process. Every valid E-VAT receipt must contain a readable QR code. The Ghana Revenue Authority (GRA) mandates this as part of this tax document to ensure its verifiability. The QR code contains important information such as the taxpayer's TIN (Taxpayer Identificatio... Read more
Is the offline regime of work from a retail store in Ghana possible, and if so, how?
Based on the current requirements, retailers can request to operate in an offline mode with the intervention of the Ghana Revenue Authority (GRA) but only under specific conditions that were defined by the GRA. Read more
The GRAs’ informative statement regarding the implementation of the E-VAT system in Ghana
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. No later than June 2024, six hundred (600) VAT-registered taxpayers will be onboarded into the system to issue electronic VAT invoices based on... Read more
New document was uploaded: Overview of fiscalization in European countries
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
Ghana Revenue Authority's E-VAT journey - from pilot to full implementation
The Ghana Revenue Authority published a media release note to enable more clarity on its implementation of the E-VAT system. Notably, the rollout of the E-VAT system has been conducted using a phased approach from the start and will continue in that way. Let's delve deeper into this topic. In that regard, the Pilot Phase has successfully passed: A highly successful pilot has been completed with 5... Read more
Ghana's dual approach when it comes to fiscal receipt forms
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. Printed Receipts: These are the traditional hard-copy receipts that can be provided by retailers during... Read more