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Ghana to Implement Mandatory E-Invoicing System in 2024

  • Ghana Ministry of Finance plans to expand its e-invoicing system (e-VAT) in 2024
  • Implementation may start in 2023 for medium taxpayers and cover all VAT-registered businesses by the end of 2024
  • The second phase of implementation will cover 600 large taxpayers and over 2,000 small and medium taxpayers
  • The e-VAT invoice will be the basis for all deductible expenses for income tax purposes.

Source: fonoa.com

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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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