The first phase of the Ghanaian e-invoicing system, which ended in 2022, applies to large and high-risk taxpayers. The second phase will include 600 large and over 2000 small and medium taxpayers and is intended to be finalized by December 2024.   Some highlights of the Budget Statement are listed below: e-VAT invoices will be required and serve as the basis for all deductible expenses related to income tax; The implementation of “upfront VAT” on imports of taxable goods by unregistered importers continues; All commercial properties will be subject to a flat rate of 5% VAT instead of the standard...