- The GRA will enforce the Taxation Use of Fiscal Electronic Device Act 2018 by early 2026.
- The announcement was made by the GRA Commissioner-General on 15 August 2025.
- The FED Act is part of reforms to the VAT system effective from 4 May 2018.
- The Act requires taxable individuals to use approved fiscal electronic devices at points of sale.
- The goal is to improve revenue collection and ensure accurate transaction records.
- The GRA aims to enhance compliance and foster collaboration with taxpayers through these reforms.
Source: regfollower.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.
