- The Ghana Revenue Authority (GRA) will fully implement the Taxation Act (Use of Fiscal Electronic Device), 2018, by early 2026, requiring specified taxable persons to use approved fiscal electronic devices (EFDs) at sales points to ensure accurate transaction recording and enhance revenue. The reforms, part of VAT system changes, will also remove the COVID levy, restructure charges, and reduce the VAT rate from 21.9% to 20%. An Independent Tax Appeal Board will be established for faster dispute resolution, and nationwide tax education will be scaled up. The reforms aim to modernize tax administration, create a fairer business environment, and strengthen partnerships with major taxpayers.
Source: fiscal-requirements.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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