Business

GRA rolls out electronic invoicing system from 1st October

The Ghana Revenue Authority (GRA) from Saturday 1st October 2022 began with the use of a certified invoicing system for the administration of Value Added Tax (VAT) in Ghana

A certified Invoicing System is an electronic invoicing system(E-VAT) certified by the Commissioner-General per the VAT Act 870 as amended.

All businesses that have been registered or qualify to be registered to charge VAT. Businesses that operate under the manual VAT invoicing regime would be migrated onto the E-VAT Invoicing system.

The deadline for the registration is dependent on the phased implementation which starts on 1st October 2022. Henceforth, all newly registered taxpayers will be onboarded on the E-VAT System.

The structure of the E-VAT Invoice will be the same across board but taxpayers have the option to change the look and feel of the invoice. For example, The colours, the company logo or invoice number.

Source: Ghana Business

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