FISCAL SOLUTIONS...

The Ghanaian GRA announced simpler VAT rules and further EFD adoption.

Add to Favorites Leave a Comment
Summary
Ghana’s GRA will fully enforce the 2018 Taxation Act on Fiscal Electronic Devices (EFDs) by early 2026, requiring specified taxpayers to use approved devices at every point of sale to ensure accurate transaction reporting and curb underreporting. The reforms will also lower the effective VAT rate from 21.9% to 20% by removing the COVID levy and restructuring other charges, while keeping input VAT fully deductible for businesses.
Comments

Questions and comments (0)

There are no comments on this news yet.