Ghana VAT e-cash register
- Oct 26, 2017 | Richard Asquith
Ghana has introduced mandatory ‘Fiscal Electronic Devices’ (FED) for the recording of secure VAT transactions. These are similar to e-cash registers, which live report to tax authorities cash payments in the retail, restaurant and other services sectors. The aim is to reduce the incidence of VAT avoidance by non or partial recording of cash payments.
The Ghanaian FED will be obligatory for cash payments by VAT registered businesses.