GRA DTRD Retreat Strengthens VAT Compliance and Revenue Mobilization
The Ghana Revenue Authority's Domestic Tax Revenue Division held a management retreat to strengthen VAT compliance and revenue mobilization strategies. The retreat focused on achieving a GH¢163 billion target for the DTRD in fiscal year 2026 as part of the Authority's overall GH¢230 billion internal target.
VAT Registration Threshold Increased to GH₵750,000
The Ghana Revenue Authority has announced an increase in the VAT registration threshold for businesses dealing in goods from GH₵200,000 to GH₵750,000, effective January 1, 2026. This change is part of broader reforms under the Value Added Tax Act, 2025 (Act 1151), which also includes the abolition of the COVID-19 Health Recovery Levy and the VAT Flat Rate Scheme.
Electronic Transfer Levy Repealed April 2025
The Ghana Revenue Authority has announced that the Electronic Transfer Levy (E-Levy) will be repealed effective April 1, 2025. This repeal signifies a removal of a specific tax measure that impacted electronic financial transactions.
GRA Investigates Extortion Allegations Against Customs Task Force
The Ghana Revenue Authority (GRA) has initiated an internal investigation into allegations of extortion by officers of the Customs Division Task Force in the Ashanti Region. The Traders Advocacy Group Ghana (TAGG) reported instances where containers were intercepted and additional, allegedly unjustified, payments were demanded.
IRS Seeks Public Input on 2026-2027 Priority Guidance Plan
The IRS and Treasury Department are seeking public recommendations for guidance projects to be prioritized for the 2026-2027 fiscal year. The plan will identify tax issues to be addressed through regulations, rulings, and other administrative guidance, focusing on areas related to recent legislation and executive orders.
IRS Notice 2026-23
The IRS has issued Notice 2026-23, providing updated guidance on tax reporting requirements. This notice outlines new procedures and clarifies existing regulations for affected entities. The comment period for this notice is open until May 29, 2026.
Child Benefit Statistics 2025
HM Revenue & Customs has announced the upcoming release of Child Benefit statistics for 2025, detailing families and children claiming benefits by geographical location. The data, to be released on April 23, 2026, will include population counts at various administrative levels across the United Kingdom.