Finance Ministry to Introduce National VAT Reward Scheme in 2026 to Boost Compliance
The Ministry of Finance will next year roll out a National Value Added Tax (VAT) Reward Scheme aimed at incentivising taxpayers and strengthening VAT compliance across the country.
The initiative was announced following a working engagement between Finance Minister Dr. Cassiel Ato Forson and officials at the Large Taxpayer Office at the VAT House in Accra, where he reiterated his commitment to enhancing revenue mobilisation and addressing bottlenecks that undermine tax administration.
Under the scheme, VAT receipts submitted by compliant taxpayers will be entered into periodic national draws, offering participants the opportunity to win various rewards. The programme is expected to encourage more citizens to demand VAT invoices during transactions, thereby curbing leakages along the VAT chain and improving revenue performance.
The VAT Reward Scheme is part of a broader package of tax administration reforms scheduled for implementation next year. Key components include the rollout of a redesigned VAT system and the deployment of fiscal electronic devices to improve compliance, enhance transparency and strengthen data accuracy.
Dr. Ato Forson noted that the reforms will contribute to “building a modern, fair, and efficient revenue system” capable of supporting government’s wider agenda of resetting the economy for growth, job creation and structural transformation.
The minister underscored the importance of sustained institutional support to ensure that revenue agencies are well-equipped to execute their mandate effectively.
