- Ghana has enacted the Value Added Tax Act, 2025, mandating the use of Fiscal Electronic Devices (FEDs) for VAT administration.
- VAT returns must now be based on real-time transaction data from FEDs, directly linking point-of-sale invoicing to tax reporting.
- FEDs are integrated with the Certified Invoicing System (CIS) to create a digital control system for VAT compliance.
- Businesses must register for VAT if taxable supplies exceed GHS 750,000 in any twelve months, with provisions for early registration.
- The effective VAT rate has been reduced from 21.9% to 20%.
Source: regfollower.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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