Crystal Assurance Chartered Accountants

Providing excellent and timely professional accounting services

[Crystal Assurance Chartered Accountants @crystalaca_]

VAT (AMENDMENT) ACT, 2026
Businesses should review their VAT registration status and compliance obligations to align with the new requirements.

#crystalassuranceca #vat #vatamendment2026 #vatact #tax

[Crystal Assurance Chartered Accountants @crystalaca_]

IFRS 18 - Presentation and disclosure in financial statements replaces IAS 1 and becomes effective January 1, 2027.

Businesses should start preparations towards the change now by reviewing their financial reporting systems, charts of accounts, KPI’s and processes.

#ifrs18

[Crystal Assurance Chartered Accountants @crystalaca_]

Floods can have far-reaching consequences beyond physical damage and they also come with important tax implications for businesses.

Understanding the documentation and reporting requirements can help affected businesses preserve their tax relief entitlements.

#tax #floodloss

[Crystal Assurance Chartered Accountants @crystalaca_]

Ghana Revenue Authority (GRA) has extended the filing obligation of the second quarter tax returns to today, Monday, 6th July, 2026.

File now to avoid any further penalties.

#crystalassuranceca #tax #audit #taxfilingextension

[Crystal Assurance Chartered Accountants @crystalaca_]

Government grants (IAS 20) are transfers of resources from a government to an entity, provided in exchange for past or future compliance with specific conditions related to the entity's operating activities.

#crystalassuranceca #governmentgrants #grants #accounting #ias20

[Crystal Assurance Chartered Accountants @crystalaca_]

Today, we celebrate the spirit of Africa, the richness of our heritage, and the power of togetherness across every nation and tribe.

#crystalassuranceca #africanunionday #auday #audit

[Crystal Assurance Chartered Accountants @crystalaca_]

Understatement of Income Tax Assessment.

Stay informed to avoid unnecessary penalties and interest by the Ghana
Revenue Authority.

#crystalassuranceca #incometax #taxassessment

[Crystal Assurance Chartered Accountants @crystalaca_]

Today, 30th April is the deadline for filing 2025 Annual Tax Returns.

However, you can apply for an extension if you need more time.

Stay compliant.

#crystalassuranceca #tax #taxextension

[Crystal Assurance Chartered Accountants @crystalaca_]

FILING OF 2025 ANNUAL TAX RETURNS

Taxpayers are encouraged to finalise their financial records in a timely manner and, where necessary, apply for an extension of time prior to the due date to mitigate the risk of sanctions.

#crystalassuranceca #tax #annualtaxreturns

[Crystal Assurance Chartered Accountants @crystalaca_]

Dividend Taxation - Key Highlights
(Under the Income Tax Act,2015 (Act 896))

#crystalassuranceca #Tax #taxact

[Crystal Assurance Chartered Accountants @crystalaca_]

Happy Easter!

#crystalassuranceca #eastersunday

[Crystal Assurance Chartered Accountants @crystalaca_]

Ensure compliance and avoid penalties by filing on time via the @GhanaRevenue official portal: https://t.co/Y8X9eRPE2d

#crystalassuranceca #cit #selfassessment #tax #audit

[Crystal Assurance Chartered Accountants @crystalaca_]

Ensure timely compliance to avoid penalties and interest, and to maintain a smooth and efficient
tax standing throughout the year.

#crystalassuranceca #tax #taxfilng

[Crystal Assurance Chartered Accountants @crystalaca_]

Taxpayers are expected to prepare a reasonable estimate of their projected
profits to determine the appropriate tax liability for instalment payments.

Failure to file the estimate or make timely payments may result in penalties and interest.
#crystalassuranceca #incometax #cit

[Crystal Assurance Chartered Accountants @crystalaca_]

Income Tax (Amendment) Act, 2023 (Act 1094, Section 25(7) aims to discourage domestic pricing and settlement of transactions in foreign currency and to prevent tax base erosion arising from artificial exchange losses.

#crystalassuranceca #incometaxact #tax

[Crystal Assurance Chartered Accountants @crystalaca_]

Happy 69th Ghana 🇬🇭!

#crystalassuranceca #ghana #independenceday

[Crystal Assurance Chartered Accountants @crystalaca_]

Welcome to March ! 🇬🇭

#crystalassueanceca #March #NewMonth

[Crystal Assurance Chartered Accountants @crystalaca_]

Unrealised exchange differences may also have tax implications depending on the transaction and accounting basis.

#crystalassuranceca #foreignexchangedifferences #tax #audit

[Crystal Assurance Chartered Accountants @crystalaca_]

Under Act 896, unrelieved losses may be carried forward for up to five (5) years of assessment against future taxable profits from the same business, subject to prescribed conditions.

#crystalassuranceca #unrelievedlosses #losses #act896 #tax #audit

[Crystal Assurance Chartered Accountants @crystalaca_]

IFRS 18 strengthens transparency around Management-Defined Performance Measures (MPMs).

Early preparation is equal to smoother transition and stronger compliance.

#crystalassuranceca #ifrs18 #audit #accounting