VAT invoice

Beginning October, 2022, directors of registered businesses across the country issuing fake invoices, receipts and also failing to file their annual tax returns could face over five years in prison. According to the Head of Domestic Tax Revenue Division at the Ghana Revenue Authority, Edward Gyambrah, the authority has already started prosecuting some businesses and will continue to descend on others who fail to do good business with customers. Section 41 (11) of the VAT Law states that businesses that fails to issue a tax invoice through a Certified Invoicing System contrary to subsection 2 faces sanctions include conviction to…