- Ghana is considering digital solutions for at-source VAT collection on cross-border digital services from nonresident providers.
- The system would identify, estimate, withhold, and remit VAT from payments made by local institutions to nonresident service providers.
- Currently, nonresident providers must collect and remit VAT but face minimal enforcement, increasing the risk of noncompliance and revenue loss.
- The new system would enable near real-time VAT monitoring and improve compliance among nonresident digital service providers.
- Nonresident providers should evaluate how the proposed changes may affect their VAT compliance in Ghana.
Source: taxathand.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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