New VAT Scheme Directive for Retailers and Wholesalers
There is a revision of the VAT flat rate scheme applicable to wholesalers and retailers. The VAT flat rate scheme now covers only retailers of annual taxable supplies between GHS200,000 and GHS500,000. Retailers with Taxable supplies that do no fall within this category must account for VAT using the standard rate. All wholesalers are however required to account for VAT using the standard rate. This directive is effective January 2022. How may we help you to meet the demands of this new requirements?