[ad_1] The Ghana Revenue Authority (GRA), has notified ride-hailing vehicle owners of a new tax policy, known as the Value Income Tax (VIT) which will take effect from January 1. In a notice issued by the Authority, it said the levy is in accordance with Section 22 of Regulations 2016, LI 2244 which indicates that…
[ad_1] The Ministry of Finance has indicated that the 2024 budget failed to announce more tax reliefs due to the country’s current economic situation. Speaking at the 2024 Post Budget Forum on behalf of the Finance Minister, the Chief Director of the ministry, Eva Mends, indicated that the reliefs captured in the 2024 budget were…
[ad_1] The Minority Leader, Dr Cassiel Ato Forson has continued his bastardization of the government’s 2024 budget statement describing some of the tax waivers as useless, after tagging the general statement as empty. The Finance Minister, Ken Ofori-Atta during his presentation of the 2024 budget statement in Parliament last week Wednesday announced some measures to…
[ad_1] The Commissioner General of the Ghana Revenue Authority (GRA) Rev. Ammishaddai Owusu-Amoah has strongly stated that the authority will use all legal means, including liquidation of companies to compel tax payers to be compliant. According to him, the GRA has the power to begin the processes for the liquidation of companies in tax default…
[ad_1] The Chartered Institute of Taxation Ghana (CITG) has held a pre-budget discussion forum on the theme “Critical Roles of Tax Policy Inputs in the National Budget and Economic Development and Welfare of Ghanaian Society”. The virtual forum sought to propose strategies the government and the finance ministry can adopt in the next budget presentation…
[ad_1] The Ghana Revenue Authority (GRA) has demanded that SOL Cement’s managers in Tema settle at least 40 percent of their outstanding liabilities before allowing the company to resume operations. The GRA closed the cement factory two weeks ago due to GH¢700 million in tax defaults, including VAT. The company was cited for VAT infractions,…
[ad_1] Young Playwright, Justina Ofosuaa Acheampong known in the showbiz world as Naaana Yaa Ofosuaa Acheampong, has shared her distress over the detrimental impact of what she describes as “harsh taxation” policies imposed by the Ghana Revenue Authority (GRA). She expressed her concerns after organizing a recent play at the National Theatre. She lamented the…
[ad_1] Board Chairman,Ghana Co-operative Credit Unions Association, Dr Bernard Bingab. The Ghana Co-operative Credit Unions Association Limited is appealing to the government to seriously consider exempting its members from paying taxes. The call, according to the Board Chairman of the association, Dr Bernard Bingab, is aimed at supporting and protecting investments. Justifying how other African…
[ad_1] Wan Heng Ghana Limited, producers of SOL cement in Tema, say they’re committed to their tax obligations as a responsible company “dedicated to its mission of contributing to the growth and development of Ghana.” The company’s management said this in a statement issued on Monday, October 23, in response to reports that the Ghana…
[ad_1] Management of Ghana Revenue Authority (GRA) has entreated importers and the public to comply with the Tax Laws and procedures to ensure smooth trade facilitation and maximize revenue for national development. It said the GRA was also committed to supporting Government’s agenda of enhancing education at all levels and would do all it could…
