National Lottery Authority(NLA) and Ghana Revenue Authority(GRA), the two strategic Revenue Mobilization Institutions for Ghana’s Government would officially launch VAT Raffle very soon.
GRA and NLA have been closely working together on the VAT Raffle since last year April 2019.
Immediately after the signing of the Memorandum of Understanding in pursuant to Section 5 of the Revenue Administration Act, 2016(Act 915), GRA and NLA constituted a joint working Committee for the development of the VAT Raffle Product.
The historic partnership between GRA and NLA is aimed at enhancing the revenue mobilization efforts of Government for national socio-economic development.
The VAT Raffle, a first of its kind in Ghana is expected to:
1. Ensure Voluntary Tax Compliance in all sectors of the Ghanaian Economy.
2. Improve VAT Penetration and wholly acceptance in the Country.
3. Strengthen the Provision of Digital Services, e-commerce and the overall Digitalization agenda of Government.
4. Fast track the implementation of the much anticipated Cashlite Society in Ghana.
The VAT Raffle is an innovative product with the capacity to improve tax compliance and revenue mobilization in the Country.
*Issued by: Public Relations Unit of NLA*