GRA TO LAUNCH DIGITAL TAX TOOL FOR ONLINE ECONOMY BY 2026

The Ghana Revenue Authority (GRA) has announced plans to implement a new digital taxation system by 2026, designed to capture revenue from the rapidly expanding online economy.

Commissioner-General Anthony Kwasi Sarpong revealed that the authority is currently piloting a specialized digital tool that will automatically track and deduct Value-Added Tax (VAT) from online transactions, including purchases made on international platforms selling to Ghanaian consumers.

“We are working with the online companies in piloting the tool so, when you buy online, the tool will automatically deduct the VAT when you are paying,” Sarpong stated during a media briefing.

The initiative represents a significant step in the GRA’s digitalization drive to improve tax compliance and revenue mobilization. The system aims to formalize a largely untaxed segment of commerce while simplifying the payment process for consumers and businesses.

The GRA plans to conduct extensive engagement with the business community to ensure a smooth transition, allowing companies adequate time to adapt their systems to the new requirements. The authority also emphasized its commitment to enhancing the ease of doing business by enabling more taxpayers to file and pay taxes online, reducing compliance costs and administrative burdens.

This move positions Ghana among a growing number of African nations implementing digital solutions to harness revenue from the expanding digital marketplace.

Source:NKONKONSA.com