- Launch of VAT Reward Scheme: Ghana’s Ministry of Finance will introduce a National VAT Reward Scheme next year to incentivize taxpayer compliance and encourage more citizens to demand receipts, thereby enhancing revenue collection.
- National Draws for Tax Compliance: Under the scheme, VAT receipts from compliant taxpayers will be entered into national draws, providing participants with opportunities to win attractive rewards, which aims to minimize leakages in the VAT chain.
- Comprehensive Tax Reforms: The VAT Reward Scheme is part of broader tax administration reforms that include a redesigned VAT system and the introduction of fiscal electronic devices, contributing to a modern and efficient revenue system aligned with the government’s economic transformation agenda.
Source Ministry of Finance
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