- Ghana’s Minister of Finance presented the 2024 mid-year budget review to parliament
- Key provisions aim to implement existing tax policies, especially related to digital solutions
- Plans to deploy a simplified digital solution and electronic bookkeeping system to broaden tax base
- 2000 more taxpayers will be onboarded onto the electronic invoicing system by end of year
- Amended legislation to give effect to revenue measures, aiming to improve tax compliance
- Ghana Revenue Authority will clean taxpayer register and onboard more taxpayers onto electronic systems
- Proposes reintroducing road and bridge tolls in 2025 and operationalising integrated property tax system
- Proposes exempting active pharmaceutical ingredients and finished products from VAT
Source: regfollower.com
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.
