VAT Regulations, 2016 (LI 2243)

The VAT Regulations, 2016 (LI 2243) provides specific procedural rules to support the implementation of the Value Added Tax Act, 2013 (Act 870) in Ghana. These regulations offer clarity on VAT-related matters such as registration requirements, filing obligations, and invoicing procedures for VAT-registered businesses. They also define the processes for VAT exemptions, refunds, record-keeping, and reporting requirements, as well as penalties for non-compliance. By addressing these practical details, LI 2243 helps businesses understand the day-to-day obligations and ensures consistent VAT administration across sectors.