Ghana’s Ministry of Finance has published the 2022 Mid-Year Review, which was delivered in a speech to parliament on 25 July 2022. Specific tax (revenue) measures noted in the review include the following:
- Amendments to the Value Added Tax Act 870 to enable the electronic collection of VAT (eVAT), effective 1 October 2022;
- Launch of an end-to-end digitalized process for property rate collection by the end of August 2022
- Extension of the deadline to 31 December 2022 for the penalty and interest waiver on accumulated tax arrears up to 31 December 2020 (previously extended to 30 June 2022); and
- Introduction of upfront VAT payment requirements for importers not registered for VAT with a start date of 1 October 2022
Source Orbitax
