The Ministry of Finance will next year launch a National Value Added Tax (VAT) “Reward Scheme” designed to incentivise taxpayers and boost compliance.

The initiative was announced after Finance Minister Dr Cassiel Ato Forson engaged the team at the Large Taxpayer Office at the VAT House in Accra, where he reaffirmed his commitment to strengthen their work and remove obstacles that hinder revenue mobilisation.

Under the new scheme, VAT receipts collected by tax-compliant citizens will be entered into national draws, giving participants the chance to win a range of attractive rewards.

The programme is expected to encourage more Ghanaians to demand receipts, thereby reducing leakages in the VAT chain and improving overall revenue performance.

The VAT Reward Scheme forms part of a package of tax administration reforms scheduled to begin next year.

These include the rollout of a redesigned VAT system and the deployment of fiscal electronic devices to enhance compliance, transparency, and data accuracy.

According to Dr Ato Forson, the combined reforms will help “build a modern, fair, and efficient revenue system” capable of supporting the government’s broader “agenda of Resetting for Growth, Jobs, and Economic Transformation”.