The Ghana Revenue Authority (GRA) has introduced a new electronic invoicing system for value-added tax (VAT) transactions, known as E-VAT. E-VAT is an electronic means of issuing VAT receipts or an electronic invoicing system for VAT-registered businesses. The E-VAT certifies every invoice issued by taxpayers in near-real time for revenue assurance purposes.
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E-VAT: What do you need to know about manual receipts in Ghana?
Ghana
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
577
Content accuracy validation date:
30.10.2023
Content accuracy validation time:
14:25h
Other news from Ghana
Checking receipt validity inside E-VAT system in Ghana
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Author: Tara Nedeljkovic
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Author: Tara Nedeljkovic
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?
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Author: Tara Nedeljković
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
Ghana's E-VAT Status: GRA exceeds a preset target
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Author: Tara Nedeljkovic
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Author: Tara Nedeljkovic
The Ghana Revenue Authority (GRA) has announced that it has exceeded its target of signing on 600 large companies on its Electronic (E)-VAT platform by over 40 companies. In May 2024, the GRA stated the aim to bring onboard over 600 large companies onto its E-VAT system by June of the same year to enhance revenue collection and monitoring. Speaking at one of the meetings, the Board Chair of GRA,... Read more
The GRAs’ informative statement regarding the implementation of the E-VAT system in Ghana
Public
Ghana
Author: Kristina Dosen
Ghana
Author: Kristina Dosen
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
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Author: Kristina Dosen
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Ghana Revenue Authority's E-VAT journey - from pilot to full implementation
Public
Ghana
Author: Kristina Dosen
Ghana
Author: Kristina Dosen
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
Public
Ghana
Author: Kristina Dosen
Ghana
Author: Kristina Dosen
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