Ghanaian tax law provides for the use of discounts and rebates in the course of business activities, to the extent that the discount satisfies specific conditions and is correctly recorded for VAT purposes in the company’s accounting records. Although historically not considered a risk item during tax audits by the Ghana Revenue Authority (GRA), the discount and rebate policies of some large enterprises have failed to meet the required conditions when tested by the GRA during tax audits.
Source: taxathand.com
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