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, noted that a plan is in motion to onboard even more companies on its E-VAT platform.
Ghana's E-VAT Status: GRA exceeds a preset target
Public
Ghana
Author: Tara Nedeljkovic
Category:
Fiscal subject related
Views:
115
Content accuracy validation date:
26.07.2024
Content accuracy validation time:
00:00h
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.
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