- The Commissioner-General of Ghana Revenue Authority has issued two administrative guidelines
- One guideline focuses on the need for taxpayers to obtain and retain VAT invoices for tax deductibility
- The other guideline provides direction on applying the VAT flat rate for supplies made by estate developers and suppliers of immovable property for rental purposes
- The guidelines were issued under the Revenue Administration Act, 2016, Act 915, as amended
- The guidelines emphasize the importance of maintaining necessary records, including VAT invoices, for tax deductions
- Taxpayers conducting business with VAT-registered individuals must obtain a tax invoice as evidence of the transaction
Source: globaltaxnews.ey.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.
Latest Posts in "Ghana"
- VAT Must Be Paid on Free Tickets by Taxable Entities, Says Ghana Revenue Authority Official
- Ghana plans full implementation of fiscal electronic device legislation
- Ghana’s 2025 Tax Reforms: VAT on Insurance, Fuel Levy Increases, Informal Sector Scheme Launch
- Ghana’s VAT Potential High, Faces Implementation Challenges, Says GRA Chief
- Ghana Reduces VAT to 20% in Major Tax Reform to Boost Compliance and Ease Business Burden
