- GUTA is urging the government to reinstate a 3-4% flat VAT rate for informal sector traders, citing the complexity and compliance challenges of the current 20% VAT regime.
- GUTA claims the current system leads to unintentional non-compliance, penalties, and threatens business sustainability for small traders.
- The association calls for an urgent review of the Value Added Tax Act, 2025, and a return to a simplified flat VAT system to ease compliance and reduce administrative burdens.
- GUTA accuses the GRA of harassment and failing to honor agreements to form a joint technical committee to address VAT implementation issues.
- The GRA maintains that VAT is a consumption tax and says it is committed to stakeholder engagement, but the joint committee has not yet met.
Source: newsghana.com.gh
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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