First 600 taxpayers on e-VAT; full mandate for all by 2024
The Ghanian Revenue Authority (GRA) has now onboarded 600 taxpayers to e-VAT, its electronic invoicing reporting regime. These are large and high-risk taxpayers.
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This covers almost 90% of all Value Added Tax revenues. GRA aims to raise VAT’s contribution to tax revenue to 20% by the end of this year and 30% in 2024. The medium-sized taxpayers will be mandated by December 2023.
Our international live VAT invoice transaction and e-invoice tracker on real-time transaction-based tax reporting lists all the countries imposing transaction-based reporting.
The GRA in April 2022 launched its voluntary e-invoicing platform for businesses to adopt electronic invoicing. E-VAT Portal to issue Electronic VAT invoices to customers will be piloted by 100 taxpayers.
Taxpayers report their sales invoices to obtain an electronic tax clearance certificate (e-TCC). The e-TCC allowed taxpayers to generate their certificates online, thereby eliminating the human involvement that led to the faking of such certificates.
This is a part of tax digitisation programme, including cashless payments and online tax filings.
In the 2022 mid-term budget, the Finance Ministry confirmed e-VAT platform rollout.
The GRA has already introduced a platform for e-commerce and digital services portal which enables non-resident companies to pay taxes online as well as resident citizens.
Ghana also introduced VAT fiscal cash registers in 2018.
