- Ghana’s Revenue Authority has launched VAT “invigilation” to curb declining compliance, including failures to register, file, pay VAT, and under-reporting of income.
- Trained GRA officers will monitor business premises, record transactions, and may conduct test purchases to check whether valid VAT invoices are issued.
- Information collected will be compared with businesses’ month-end VAT returns to identify discrepancies and trigger further inquiry.
- Non-compliant businesses may face administrative penalties, interest, and, for persistent breaches, prosecution.
- Consumers are being urged to demand VAT invoices on purchases and report businesses that do not comply.
Source: citinewsroom.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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