VATupdate

Share this post on

E-VAT Rollout Progressing as Planned, Expected to Boost Revenue Collection

  • Ghana Revenue Authority (GRA) says E-VAT rollout progressing as planned
  • Successful pilot phase completed with 50 taxpayers
  • During pilot phase, VAT revenue grew by over 58%
  • Efficiency of electronic VAT invoicing contributed to revenue impact of GHs 124 million
  • Rollout being conducted in phases, with large taxpayers onboarded first
  • Second phase to target medium and small taxpayers by end of December 2024
  • Final phase to integrate all other VAT registered taxpayers into E-VAT system
  • GRA confident in positive impact of E-VAT on revenue collection
  • Stakeholders encouraged to contact GRA for inquiries or assistance on E-VAT system deployment.

Source: ghanaiantimes.com.gh

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.

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com