Register for VAT
To be registered for VAT your business must be within the acceptable VAT threshold. You must also:
- have a permanent place of business
- deal in taxable goods
How to register for VAT
To register for VAT, you must:
- obtain a Taxpayer Identification Number (TIN)
- fill VAT registration form
- attach copies of Business Registration documents
- submit registration forms at the nearest Domestic Tax Revenue Division office
A VAT certificate will be generated. This must be clearly displayed at your business premises. You will also need to buy VAT invoices to issue to your taxpayers.
Documents you need for VAT registration
Sole proprietors – Certificate of Business Registration
Companies – Certificate of Incorporation of Business, Certificate of commencement of business
Partnerships – Certificate of Partnership
You need to register to charge VAT if you are a retailer and your taxable supplies within a 12-month period is GH¢200,000 or more.
You may also register to charge VAT if the amount is below GH¢200,000. However you must stay registered for at least 2 years.
Certain groups of people will need to register even if their business worth is less than or below GH¢200,000. These are:
- promoters of public entertainment,
- national, regional, local or other authorities or bodies
Where to register for VAT
VAT registration can be done in any Domestic Tax Revenue Division office nationwide.
Is VAT registration free?
It costs nothing to register for VAT.
What happens if you do not register for VAT
If you should register for VAT but do not do so, the Commissioner-General will register you compulsorily. In addition you will pay a penalty of up to two (2) times the amount of tax due from the time you should have registered.