{"id":180438,"date":"2024-05-09T13:11:52","date_gmt":"2024-05-09T13:11:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/"},"modified":"2024-05-09T13:11:52","modified_gmt":"2024-05-09T13:11:52","slug":"e-vat-not-in-limbo-revenue-increased-by-32-gra","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/","title":{"rendered":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>The Ghana Revenue Authority (GRA) has refuted claims that piloting its electronic Value Added Tax (e-VAT) invoicing system has led to the state losing billions in revenue.<\/p>\n<p>According to the Authority, the system\u2019s piloting has rather led to a 32 percent increase in revenue.<\/p>\n<p>This follow report making rounds that the system\u2019s flop made the rounds on Wednesday, May 8, but a statement issued by the Communications and Public Affairs Department of the authority described the rumours as erroneous.<\/p>\n<p>GRA said the pilot phase, which has been completed with 50 taxpayers, has been highly successful and impacted its revenue by GH\u00a2124 million.<\/p>\n<p>The GRA continue that the e-VAT system is currently being piloted and will soon integrate all VAT-registered taxpayers \u201cto enhance revenue collection, combat tax evasion, and help promote transparency in tax administration, as demonstrated by the Pilot Phase.\u201d<\/p>\n<p>Read the full statement:<\/p>\n<p>Update on Progress of E-VAT Implementation<\/p>\n<p>The attention of the Ghana Revenue Authority (GRA) has been drawn to a publication in the Daily Graphic of Wednesday, 8 May 2024, titled \u201cE-VAT in limbo: Retail outlets suck economy dry \u2013 Nation loses billions in revenue\u201d.<\/p>\n<p>2. The GRA takes this opportunity to provide clarity on its implementation of the EVAT system. Notably:<\/p>\n<p>i) The rollout of the E-VAT system is being conducted using a phased approach.<\/p>\n<p>ii) The Pilot Phase: A highly successful pilot has been completed with 50 taxpayers. The test and pilot phase provided a pathway for successful and seamless E-VAT implementation, which prioritized minimal disruption to taxpayers\u2019 back-office processes. During the Pilot Phase, VAT revenue grew by over 58%, representing additional contributions in excess of GH\u00a2384 million. Electronic VAT invoicing efficiency contributed to a revenue impact of GH\u00a2124 million, accounting for 32% of this increase.<\/p>\n<p>iii) Phase 1: The initial rollout phase which is currently ongoing, is focused on onboarding large taxpayers who account for 80% of VAT contributions. The revised timeline for Phase 1 is from 22 April, 2024 to 31 May, 2024. Initial results from Phase 1 onboarding have been highly encouraging, with a 175% progress rate so far, as measured against weekly onboarding targets.<\/p>\n<p>iv) Phase 2: The second phase targets the onboarding of medium and small taxpayers by the end of December 2024.<\/p>\n<p>v) Phase 3: The final implementation phase targets the integration of all other VAT registered taxpayers into the E-VAT system.<\/p>\n<p>3. The GRA is confident of the significant positive impact that the E-VAT will have on VAT contributions and takes this opportunity to assure all stakeholders of its steadfast commitment to the comprehensive and rapid implementation of the E-VAT system. The successful rollout of E-VAT is poised to enhance revenue collection, combat tax evasion, and help promote transparency in tax administration, as demonstrated by the Pilot Phase.<\/p>\n<p>4. The GRA takes this opportunity to thank all our clients for their cooperation and partnership as we continue to onboard them onto the E-VAT system.<\/p>\n<p>5. For further inquiries or assistance regarding E-VAT implementation, taxpayers are encouraged to contact their nearest GRA office or visit our website.<\/p>\n<p><strong>By Vincent Kubi<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The Ghana Revenue Authority (GRA) has refuted claims that piloting its electronic Value Added Tax (e-VAT) invoicing system has led to the state losing billions in revenue. According to the Authority, the system\u2019s piloting has rather led to a 32 percent increase in revenue. This follow report making rounds that the system\u2019s flop made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-180438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 The Ghana Revenue Authority (GRA) has refuted claims that piloting its electronic Value Added Tax (e-VAT) invoicing system has led to the state losing billions in revenue. According to the Authority, the system\u2019s piloting has rather led to a 32 percent increase in revenue. This follow report making rounds that the system\u2019s flop made [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-09T13:11:52+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA\",\"datePublished\":\"2024-05-09T13:11:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/\"},\"wordCount\":496,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/\",\"name\":\"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2024-05-09T13:11:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/09\\\/e-vat-not-in-limbo-revenue-increased-by-32-gra\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/","og_locale":"en_US","og_type":"article","og_title":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com","og_description":"\u00a0 The Ghana Revenue Authority (GRA) has refuted claims that piloting its electronic Value Added Tax (e-VAT) invoicing system has led to the state losing billions in revenue. According to the Authority, the system\u2019s piloting has rather led to a 32 percent increase in revenue. This follow report making rounds that the system\u2019s flop made [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/","og_site_name":"Ghanamma.com","article_published_time":"2024-05-09T13:11:52+00:00","author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA","datePublished":"2024-05-09T13:11:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/"},"wordCount":496,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/","url":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/","name":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#primaryimage"},"thumbnailUrl":"","datePublished":"2024-05-09T13:11:52+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/05\/09\/e-vat-not-in-limbo-revenue-increased-by-32-gra\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"E-VAT Not In Limbo, Revenue Increased By 32%\u2013 GRA"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/180438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=180438"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/180438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=180438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=180438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=180438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}