The Ghana Revenue Authority (GRA) plans to tax the online economy by 2026 using a new digital tool currently in pilot testing. Anthony Kwasi Sarpong, speaking to the media, explained that this specialized tool will track and enable taxation of online transactions, including those on international platforms serving Ghanaian consumers.
The GRA is enhancing its digital capabilities to boost tax compliance and revenue collection while collaborating closely with the private sector for a smooth transition. “We are working with online companies to pilot the tool so that VAT will be automatically deducted during online purchases,” the Commissioner-General said.
Additionally, the GRA aims to simplify tax filing and payments online, lower compliance costs and make it easier to do business in Ghana. To prepare businesses for the new system, the GRA will soon initiate extensive consultations to give them ample time to update their operations before the tax regime takes effect.
Story by: Mercy Addai Turkson #ahotoronline.com