In an effort to help the government raise more money and address the country’s economic problems, the Ghana Revenue Authority (GRA) has once again urged business owners to adopt the E-VAT system.
The Authority notes that because the E-VAT system’s piloting phases were successful, it is now necessary to onboard all businesses that operate in the commercial sector.
Speaking on the sidelines of a meeting with CEOs of firms to familiarise them with the E-VAT system, Edward Appenteng Gyamerah, Commissioner of Domestic Tax at GRA, said the authority is starting with roughly 600 companies and will eventually roll out to all other enterprises.
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“The E-invoicing is what we all need to support which can solve the VAT under declaration for us. The first pilot has been extremely successfully and we believe that is the good way to go and we need everyone to support this course for us to raise the needed revenue for the development of the state,” he said.
Meanwhile the Ghana Revenue Authority has indicated that it will not compromise on the secrecy of tax payers’ information as it is positioned to implement the E- VAT system on a full scale after a successful completion of the pilot stage.
The Authority maintains that it has placed in measures to curtail challenges which will limit the success of the e- invoicing. The Authority assured businesses of strict adherence to its secrecy guidelines.
“Tax payer information has always been kept secret by GRA. The Provisions in the tax laws prevents any officer from disclosing any information except by a court order. Therefore we will be guided by the same provision,” he reiterated.
