- Ghana Revenue Authority extends Electronic Value Added Tax system
- Replaces 30-day manual invoice process with digital system
- VAT invoices must be issued within 48 hours
- E-VAT pilot began in October 2022
- Transition from manual invoicing to real-time automated platform
- Enables tracking and verification of VAT invoices
- Enhances transparency and compliance
- Integrates with businesses’ accounting software for accurate VAT reporting
- Initial challenges with large businesses integrating systems
Source: ghanaweb.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.
