- VAT stands for Value Added Tax and is a tax added to the price of goods and services in Ghana.
- VAT registration is compulsory for businesses that exceed certain thresholds of taxable supply.
- Voluntary registration for VAT is also possible and has benefits such as claiming input tax credits.
- Non-resident businesses providing services in Ghana must register and account for VAT.
- VAT registration can be done by applying to the Commissioner-General of the GRA.
- Required documents for VAT registration include certificates, identification, lease agreement, and bank statements.
- VAT registration must be done within 30 days of becoming liable to register.
- Failure to register may result in penalties.
- For more information, visit the GRA website or contact the nearest GRA office.
Source: fiscal-requirements.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.
