Non-Compliance to tax obligations can adversely hamper the development of any nation and Ghana is not an exception. The illegal practices reduce government revenue while perpetrators, in some instances, usually get away with such offences, leaving the country to suffer.
In October 2022, about 48 businesses were reported to be undergoing prosecution for evading taxes and failing to issue Value Added Tax (VAT) invoices on purchase of goods and services.
The Commissioner-General also noted that the Electronic VAT invoicing was introduced to eliminate invoice cloning, carding and non-issuance of invoices and other irregularities which were affecting domestic tax performance.
Source: www.businessghana.com
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