Story By: Akua Oteng Amponsah
The Ghana Revenue Authority (GRA) has assured stakeholders that it will deploy enhanced technology in the implementation of the electronic Value Added Tax (e-VAT) system this year.
Over 5,000 registered VAT entities have been engaged and are ready to go live on the platform.
Acting Commissioner-General of the GRA, Anthony Kwasi Sarpong, stated that the enhanced system will offer a simplified VAT accounting process for all taxpayers.
“The electronic VAT exercise is ongoing, but as you may be aware, we’re conducting a comprehensive review of the entire structure, and the Minister for Finance, Dr. Cassiel Ato Forson, is seriously giving it attention. We hope to conclude the work soon and seek parliamentary approval. What I can assure you is that the process is becoming more enhanced, with modern technology playing a key role in ensuring full accountability at the end of the day “Anthony Kwasi Sarpong stated.
Sarpong added that the GRA has already onboarded a number of taxpayers and will continue to do so, following the Minister’s directive to ensure an equitable tax system.
“We have onboarded a number of taxpayers already, and we shall continue after the Minister’s directive to ensure an equitable tax system” Anthony Kwasi Sarpong.
Currently, over 3,000 taxpayers are live on the e-VAT system, which was introduced in 2022. The GRA is conducting a compliance exercise with existing taxpayers to assess the system’s performance as implementation enters its final stage.
The e-VAT system aims to formalize informal taxpayers, boost domestic tax revenue, improve efficiency in tax administration, and support effective tax audits.
