{"id":37092,"date":"2023-03-14T06:27:22","date_gmt":"2023-03-14T06:27:22","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/gra-to-complete-e-vat-implementation-in-december-2024"},"modified":"2023-03-14T06:33:51","modified_gmt":"2023-03-14T06:33:51","slug":"gra-to-complete-e-vat-implementation-in-december-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024","title":{"rendered":"GRA to complete E-VAT implementation in December 2024"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has remarked that migration of businesses unto the E-VAT system is scheduled to end on 31st December 2024.<\/b><\/p>\n<p>The pilot phase, which started with 50 taxpayers across different sectors, was completed in October 2022.<\/p>\n<p>The Government has begun Phase One of the implementation process with 600 taxpayers in the same industries\/sectors and is scheduled to end in June 2023. Phase two of the E-VAT implementation is projected to begin in December 2023.<\/p>\n<p>Mr. Acquah disclosed this during a Quarterly Tax Dialogue Seminar Series on the implication of the E-VAT on businesses in Ghana, hosted by the UK- Ghana Chamber of Commerce in partnership with PwC Ghana.<\/p>\n<p>According to Mr. Acquah, \u201cE-VAT is just another term for the Electronic Invoicing system\u201d. E-VAT transforms the manual invoice issuance process (paper-based) into an electronic format. It also allows for such invoices including debit and credit notes to be exchanged electronically.<\/p>\n<p>\u201cWith E-Invoicing, GRA will authenticate and validate the invoices issued by taxpayers in real time.<\/p>\n<p>He further remarked that \u201cWe are not introducing any new law &#8230;[or] rate. All we\u2019re doing is we\u2019re connecting the commissioner general\u2019s invoicing system to taxpayers\u2019 invoicing system such as that now the issuance of electronic invoices is made a default\u201d.<\/p>\n<p>Mr. Acquah noted that the manual invoicing regimes was fraught with many challenges. These include issues of forgery, lack of data for effective compliance, \u2018carding\u2019 of invoices, and significant man hours on auditing among others.<\/p>\n<p>He explained that the implementation of the electronic invoicing system will promote a fair and equitable VAT Regime, by eliminating bottlenecks militating against the current paper-based system.<\/p>\n<p>Other benefits to businesses include improved documentation and record keeping, streamlining VAT refund processing, and reducing the compliance burden, amongst others.<\/p>\n<p>Mr. Acquah admitted that issues regarding the efficiency of the system were reported, such as system downtime and lack of response.<\/p>\n<p>While a pilot test of the system refined its capabilities, the GRA is also providing technical remote assistance to address the taxpayers\u2019 issues in real time.<\/p>\n<p>Clarifying an erroneous notion that the Ministry of Finance had sought and gotten an amendment to the VAT ACT to disadvantage businesses, Daniel Nuer, the Head of Tax Policy at the Ministry of Finance said \u201cthe change was not to create a problem for everybody&#8230; the idea was to spread the onboarding of [businesses] onto the system over a year. But the law that was passed wasn\u2019t that clear, so it was assumed that everybody had a year to transition.<\/p>\n<p>\u201c&#8230;And so, the one year was taken off is not because it was changed to make everybody a \u2018tax criminal\u2019, but then to allow the Commissioner General to continue his duties\u201d.<\/p>\n<p>He mentioned that the Ministry Finance is currently working with the first batch of businesses. After completion, another batch of businesses will be notified as to when their migration to the electronic system will begin.<\/p>\n<p>Mr. Nuer added that the E-VAT system will improve revenue generation to reduce budget deficits and is leveraging technology to achieve this purpose. He believed that this system will make businesses efficient and compliant.<\/p>\n<p>Tax Prosecution<\/p>\n<p>Urging businesses to comply with the tax laws, Mr. Nuer reiterated that the non-payment of taxes is a criminal offence, and that government is enforcing the law through criminal prosecutions because civil prosecutions have not yielded the desired results.<\/p>\n<p>Speakers at the seminar, held on the premises of PwC Ghana, discussed other pertinent topics such as publicisation of the migration guidelines and 3rd Party invoicing.<\/p>\n<p>The first in the series of the Quarterly Tax Dialogues was moderated by Abeku Gyan-Quansah, a Tax Partner with PwC Ghana and UKGCC Executive Council Member.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has remarked that migration of businesses unto the E-VAT system is scheduled to end on 31st December 2024. The pilot phase, which started with 50 taxpayers across different sectors, was completed in October 2022. The Government [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":37091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[5092,5096,429],"class_list":["post-37092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GRA to complete E-VAT implementation in December 2024 - Ghana<\/title>\n<meta name=\"description\" content=\"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GRA to complete E-VAT implementation in December 2024\" \/>\n<meta property=\"og:description\" content=\"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T06:27:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-14T06:33:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GRA to complete E-VAT implementation in December 2024\",\"datePublished\":\"2023-03-14T06:27:22+00:00\",\"dateModified\":\"2023-03-14T06:33:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\"},\"wordCount\":640,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\",\"name\":\"GRA to complete E-VAT implementation in December 2024 - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg\",\"datePublished\":\"2023-03-14T06:27:22+00:00\",\"dateModified\":\"2023-03-14T06:33:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg\",\"width\":1600,\"height\":1066,\"caption\":\"GRA to complete E-VAT implementation in December 2024\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GRA to complete E-VAT implementation in December 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GRA to complete E-VAT implementation in December 2024 - Ghana","description":"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024","og_locale":"en_US","og_type":"article","og_title":"GRA to complete E-VAT implementation in December 2024","og_description":"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-03-14T06:27:22+00:00","article_modified_time":"2023-03-14T06:33:51+00:00","og_image":[{"width":1600,"height":1066,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"GRA to complete E-VAT implementation in December 2024","datePublished":"2023-03-14T06:27:22+00:00","dateModified":"2023-03-14T06:33:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024"},"wordCount":640,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg","keywords":["Africa Press","Africa Press-Ghana","ghana"],"articleSection":["all news","Economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024","name":"GRA to complete E-VAT implementation in December 2024 - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg","datePublished":"2023-03-14T06:27:22+00:00","dateModified":"2023-03-14T06:33:51+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Philip Acquah, an Assistant Commissioner in Charge of VAT Administration with the Ghana Revenue Authority (GRA), has ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678760259.47.jpg","width":1600,"height":1066,"caption":"GRA to complete E-VAT implementation in December 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/gra-to-complete-e-vat-implementation-in-december-2024#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"GRA to complete E-VAT implementation in December 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/37092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=37092"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/37092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/37091"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=37092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=37092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=37092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}