- The Ghana Revenue Authority is enhancing the use of technology for the electronic VAT system.
- Over 5000 registered VAT entities are prepared to go live with the new system.
- The initiative aims to review and improve the entire VAT payment system.
- The Acting Commissioner General believes the system will simplify VAT accounting for taxpayers.
- A virtual engagement with stakeholders was held to discuss the system.
- The Minister for Finance is giving attention to the comprehensive review of the VAT structure.
- The process aims to ensure full accountability using modern technology.
- Over 3000 taxpayers are already using the E-VAT system since its introduction in 2022.
Source: myjoyonline.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.
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