Three major headlines have recently dominated Ghana news concerning the country’s e-commerce, gaming, and betting industries.
- GH¢80.3 billion is the revenue target set by Ghana’s government for 2022.
- GRA plans a campaign to create awareness and educate gamblers about E-Levy.
- GRA will begin its electronic invoicing pilot program in April.
The Ghana Revenue Authority has since announced it will begin its pilot tax regime on all electronic commerce, gaming, and sports betting in the country. The new regime will come into effect in April. Commissioner-General of Authority, Ammishaddai Owusu-Amoah, has also stated that certain measures have been put in place to ensure compliance within the sectors.
The GRA Commissioner-General spoke at a ceremony in the Volta region recently. He stated that the taxes will greatly aid the GRA in meeting the revenue target of GH¢80.3 billion for 2022. He added that there will be a focus on the rapidly changing e-commerce market to form in-roads to the sector. He also mentioned having meetings with the Ghana Gaming Commission, as well as operators in the gaming and betting industries, which have experienced a boom in the past year. These were to ensure compliance and agreement on the new taxes.
New Levies On The Way
Another important topic discussed by the Commissioner-General was the upcoming Electronic Transactions Levy. Otherwise known as E-Levy. He described the levy as critical for the country’s future revenue mobilization efforts.
Together with the pilot E-invoicing system beginning in April, Owusu-Amoah hopes to put a stop to the old manual invoicing system. This, he believes, will help to block out leakages and seal loopholes in the country’s Value Added Tax system. He further emphasized the importance of requesting VAT invoices when buying goods or making use of online services.