An Assistant Commissioner in Charge of Value Added Tax (VAT) Administration with the Ghana Revenue Authority (GRA), Philip Acquah, has remarked that migration of businesses onto the Electronic Valued Added Tax (E-VAT) system is scheduled to end in December 2024.
According to Mr. Acquah, “E-VAT is just another term for the Electronic Invoicing system”. E-VAT transforms the manual invoice issuance process (paper-based) into an electronic format. It also allows for such invoices including debit and credit notes to be exchanged electronically.
- Issues with the Electronic Invoicing System
- Change in the law
- Tax Prosecution
Source: dailyguidenetwork.com
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