E-VAT Archives - Wontumi Online

17 Jul

We’ve Exceeded Target Of Onboarding 600 Large Companies On E-VAT Platform – GRA

wontumionlineBusinessE-VAT

The Ghana Revenue Authority (GRA) has announced that it has exceeded its target of signing on 600 large companies on its Electronic (E)-VAT platform by 40 companies. In May 2024, the Authority pledged to bring onboard over 600 large companies onto its E-VAT system by June of the same year to enhance revenue collection and monitoring. Speaking at a brief meeting with the Presiding Bishop of the Methodist Church Ghana, Rev. Dr. Paul Boafo, the Board Chair of GRA, Joe Ghartey noted that the company is planning to onboard more companies on its E-VAT platform. “For example, there is a…

14 Mar

e-VAT Regime For 600 Large Taxpayers Set To Begin

wontumionlineBusinessE-VAT, Ghana Revenue Authority, GRA

The Ghana Revenue Authority (GRA) is set to start the first phase of electronic value added tax (e-VAT) implementation, where some 600 taxpayers in the Large Taxpayer Office (LTO) will be integrated into the Commissioner-General’s invoicing system from March 31 to June 1, this year. This follows the successful pilot of some 50 targetted taxpayers on the certified electronic invoicing system. The GRA said the targetted 600 pay 90 percent of total VAT revenue and a total of 80 percent of the country’s total domestic tax revenue. The second phase of the initiative, Assistant Commissioner – VAT Administration, Philip Acquah,…

03 Feb

‘We Feel Victimised Even Though We Are Fully Compliant’ To E-VAT – Melcom To GRA

wontumionlineBusinessE-VAT, GRA, Melcom

Leading retail shopping centre, Melcom has reaffirmed its commitment to the Electronic Value Added Tax (E-VAT), saying, it has exhibited full compliance and cooperated with the Ghana Revenue Authority team in implementing the E-VAT. It has however advised the Ghana Revenue Authority (GRA) to stop harassing its staff and the inconvenience to its loyal customers. In a response to the Commissioner General of the GRA, Dr Ammishaddai Owusu-Amoah, after the authority arrested managers of Melcom for alleged non-compliance with the E-VAT invoice, the company expressed worry about victimisation. The retailer centre said it has been fully compliant and cooperative with…

12 Oct

GRA Shuts Down 4 Branches Of Palace Mall In Accra For Non-Compliance With E-VAT Invoicing

wontumionlineNewsE-VAT, GRA, Palace mall

Officials of the Ghana Revenue Authority (GRA) have shut down four branches of the Palace Mall. The closure occurred on Tuesday, October 11, 2022. The affected branches are; Labone, Spintex, Atomic roundabout and Weija. They were closed for non-compliance with the Authority’s E-VAT Invoicing system. According to the GRA, a number of selected shops have deliberately failed to issue VAT invoices electronically when customers walk in to make purchases. The GRA says failure of these shops to abide by its directive sends signals that they are under-declaring tax. The Area Manager of GRA’s Accra Central office, Joseph Annan, in a…