- Act 1151 mandates the integration of Fiscal Electronic Devices (FEDs) into VAT compliance and return filing.
- VAT returns must now be based on transaction data captured by FEDs, directly linking invoicing to tax reporting.
- The Certified Invoicing System (CIS) is the approved platform for validating and transmitting invoice data to the Ghana Revenue Authority.
- This change enhances monitoring by tax authorities and emphasizes the need for accurate, complete transaction data at the point of sale.
Source: assets.kpmg.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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