WebThe VFRS is a special method of collecting and accounting for VAT/NHIL. It is designed for all VAT-registered retailers of taxable goods with an annual turnover of more than … WebMar 19, 2024 · The amount of VAT payable under the flat rate VAT scheme depends on the industry you operate in. We've included a full list of the current VAT flat rate below. Due to the COVID-19 outbreak, the flat …
VAT Flat Rate – GRA
Web16 March 2024 In its Summer Economic Statement on 8 July 2024, the government announced a number of VAT measures including a temporary reduction to the Standard Rate of VAT from 20% to 5% for the hospitality sector. This VAT cut is designed to boost customer demand in response to the economic crisis caused by the Covid-19 pandemic. WebOct 6, 2024 · VAT reduced rate for hospitality and tourism: 1 April 2024 is when the full VAT rate must resume; 1 October 2024 was when use of the 12.5% rate began. VAT Deferral … gathe shows ltda
GHANA REVENUE AUTHORITY ADMINISTRATIVE …
WebFeb 11, 2024 · The ‘ VAT deferral new payment scheme ’ was open between 23rd February and 21st June 2024, and when your business has been accepted the scheme will allow you to pay deferred VAT in equal instalments, free of interest. Businesses may be charged a 5% penalty or interest if they do not pay in full or make an arrangement to pay by 30th June … WebOct 3, 2024 · How to claim back the flat-rate addition If you are an accountable person, you can reclaim the flat-rate addition in your Value-Added Tax (VAT) return. This is subject to the normal rules. You need to retain all records related to the transaction. Next: How VAT on conferences can be reclaimed WebMay 1, 2024 · The Government has announced the introduction of a temporary VAT zero rate on the supply of personal protective equipment (PPE), recommended for use in connection with protection from infection with Coronavirus. This took effect from 1 May 2024 and applies to all qualifying supplies until its expiry on 31 October 2024. day 0 anime expo