‘Streamline VAT Or Businesses Will Suffocate’ – AGI Warns Gov’t
The President of the Association of Ghana Industries (AGI) has charged government to urgently reform the Value Added Tax (VAT) system, describing it as “the killer in the room” for….
Tag: VAT
IMF Open To Alternatives For Ghana’s Revenue Shortfall After Suspension Of VAT On Electricity
The International Monetary Fund (IMF) has expressed readiness to explore alternative measures to address Ghana’s revenue shortfall following the suspension of the Value-Added Tax (VAT) on electricity. In response to concerns raised….
Businesses Cited For Non-Compliance With VAT Regulations
The AH Hotel in East Legon has been found to be in violation of the country’s Value Added Tax (VAT) regulations. An inspection by the domestic tax compliance taskforce of….
Government Slaps 21% VAT On Facebook Advertisements
The business arm of Facebook parent company, Meta Business, will from August 1, 2023, impose a total of 21 percent in added taxes on personal and business-related advertisements made on….
Exempt Exploration Firms From VAT On Drilling And Laboratories – Ghana Chamber Of Mines
The Ghana Chamber of Mines (GCM) has reiterated the need for exploration companies to be exempted from the payment of Value-Added Tax (VAT) on drilling and laboratories. That, the President….
More Businesses In GRA’s Grip Over Non-Issuance Of VAT Invoice
The Ghana Revenue Authority has captured some more businesses over the non-issuance of VAT invoices. The latest swoop saw over 6 businesses being busted for not complying with the GRA’s….
GRA To Charge Importers Additional 12.5% If They Fail To Register For VAT
The Ghana Revenue Authority (GRA) is cautioning all importers who qualify to register for Value Added Tax (VAT) but have failed to do so will be charged an additional 12.5%….
AGI Calls For Recalculation Of VAT On Raw Materials
The Association of Ghana Industries (AGI) has called for the recalculation of the Value Added Tax (VAT) on raw materials that are unavailable in the country to reduce the cost….
GRA Triggers Upfront VAT Compliance Strategy From June 6
Barring any last minute glitch, the Ghana Revenue Authority (GRA) will on June 6 this year begin implementing a new tax compliance tool referred to as the Upfront Payment of Value Added….
4 Lebanese Business Owners, 3 Others Arrested Over VAT Infractions
Seven people have been arrested in an ongoing VAT compliance exercise by the Investigation Unit of the Ghana Revenue Authority (GRA) for allegedly failing to issue VAT receipts to customers who patronize….