- GUTA demands an urgent review of the new VAT system under Act 1151, calling for the restoration of the previous 4% flat rate for the informal sector.
- The Association criticizes the new VAT regime as cumbersome, complex, and burdensome for traders, leading to compliance difficulties and potential negative impacts on jobs and consumers.
- GUTA accuses the Ghana Revenue Authority (GRA) of failing to honor agreed resolutions and instead using a task force to coerce traders.
- GUTA proposes a simplified VAT regime, intensified trader education, optional digital VAT compliance, and incentives for VAT registration and collection.
- The Association urges government intervention, a halt to GRA’s task force activities, and meaningful dialogue to resolve the issue.
Source: 3news.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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