- The Ghana Revenue Authority (GRA) has inaugurated a 26-member National VAT Compliance and Enforcement Team to strengthen VAT compliance and enforcement.
- The team, chaired by Dr. Martin Kolbil Yamborigya, includes experts in audit, investigation, intelligence, legal enforcement, and taxpayer services.
- The initiative follows recent VAT reforms and the passage of a new VAT Act effective January 1, 2026, aimed at boosting domestic revenue.
- Current data shows a 60% VAT compliance gap, with only 4 out of 10 registered taxpayers fulfilling their obligations.
- The GRA will use both education and enforcement, including data analytics and on-site checks, to improve compliance, and plans to introduce automation and a taxpayer reward scheme in 2026.
Source: msn.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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