VATupdate

Share this post on

GRA to Launch Automated VAT Deduction for Online Transactions in August

  • Ghana Revenue Authority (GRA) will launch an automated VAT deduction system for online transactions in August.
  • The system will collect tax directly at payment checkout, moving toward real-time tax clearance for e-commerce.
  • It aims to put online sellers and physical stores on equal tax footing, including local and non-resident digital service providers.
  • The unified effective tax rate will be 20% under the Value Added Tax Act, 2025, combining VAT, NHIL, and GETFund.
  • Success depends on API integration with payment gateways and clear consumer/merchant education to avoid backlash.

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.



Sponsors:

Pincvision
Fiscal Solutions Bottom
VAT IT

Advertisements:

  • Pincvision
  • RTC